Federated Hermes Inc. Purchases 10,279 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Federated Hermes Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 65.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,010 shares of the company's stock after buying an additional 10,279 shares during the period. Federated Hermes Inc.'s holdings in Mondelez International were worth $1,554,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MDLZ. ICICI Prudential Asset Management Co Ltd raised its holdings in Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after acquiring an additional 74,975 shares during the period. Czech National Bank increased its stake in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after purchasing an additional 17,815 shares during the period. Buckingham Capital Management Inc. lifted its holdings in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after purchasing an additional 18,961 shares during the last quarter. Legacy Private Trust Co. boosted its stake in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after purchasing an additional 957 shares during the period. Finally, Kennedy Investment Group acquired a new position in Mondelez International in the 4th quarter valued at $313,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 1.3 %

NASDAQ MDLZ traded up $0.84 during trading hours on Friday, reaching $67.32. The company's stock had a trading volume of 10,777,611 shares, compared to its average volume of 8,027,896. The firm has a fifty day simple moving average of $65.25 and a 200-day simple moving average of $64.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $87.08 billion, a P/E ratio of 19.68, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MDLZ shares. Stifel Nicolaus decreased their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. UBS Group lifted their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $70.80.

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.