Deprince Race & Zollo Inc. Buys 164,345 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Deprince Race & Zollo Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 627,866 shares of the company's stock after acquiring an additional 164,345 shares during the period. Deprince Race & Zollo Inc.'s holdings in Mondelez International were worth $37,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Mondelez International by 39.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 399,673 shares of the company's stock worth $23,872,000 after purchasing an additional 113,817 shares during the period. CoreCap Advisors LLC increased its stake in Mondelez International by 270.4% in the 4th quarter. CoreCap Advisors LLC now owns 39,239 shares of the company's stock worth $2,344,000 after purchasing an additional 28,644 shares in the last quarter. Brooks Moore & Associates Inc. raised its holdings in Mondelez International by 1.3% during the 4th quarter. Brooks Moore & Associates Inc. now owns 23,755 shares of the company's stock worth $1,419,000 after buying an additional 300 shares during the period. Bulltick Wealth Management LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $2,321,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Mondelez International by 0.4% in the fourth quarter. Captrust Financial Advisors now owns 179,458 shares of the company's stock worth $10,719,000 after buying an additional 713 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 1.3 %

Shares of NASDAQ MDLZ traded down $0.85 during mid-day trading on Friday, reaching $66.37. 5,135,787 shares of the company traded hands, compared to its average volume of 7,934,199. The company's fifty day moving average is $66.41 and its two-hundred day moving average is $63.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market cap of $85.94 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the company posted $0.93 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders 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 2.83%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MDLZ. Royal Bank of Canada restated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Piper Sandler boosted their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and raised their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Barclays increased their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $70.55.

About Mondelez International

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.