Berger Financial Group Inc Purchases Shares of 3,917 Mondelez International, Inc. (NASDAQ:MDLZ)

Berger Financial Group Inc purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,917 shares of the company's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Vanguard Group Inc. increased its holdings in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after buying an additional 931,776 shares in the last quarter. Capital Research Global Investors boosted its holdings in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC increased its stake in Mondelez International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after buying an additional 708,523 shares in the last quarter. Norges Bank acquired a new position in shares of Mondelez International during the fourth quarter valued at approximately $1,118,755,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after acquiring an additional 208,181 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Mondelez International stock traded down $0.26 during trading hours on Thursday, hitting $67.87. 9,413,834 shares of the company traded hands, compared to its average volume of 7,919,674. The firm's 50-day simple moving average is $66.05 and its two-hundred day simple moving average is $63.77. The firm has a market cap of $87.79 billion, a P/E ratio of 19.85, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International's payout ratio is currently 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley upped their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Stifel Nicolaus upped their target price on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday. Finally, UBS Group lifted their price target on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.