GF Fund Management CO. LTD. Takes $15.14 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

GF Fund Management CO. LTD. bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 253,428 shares of the company's stock, valued at approximately $15,137,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Pacific Point Advisors LLC bought a new stake in shares of Mondelez International during the fourth quarter worth about $223,000. Burgundy Asset Management Ltd. lifted its stake in shares of Mondelez International by 3.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 3,303,185 shares of the company's stock worth $197,299,000 after acquiring an additional 114,712 shares during the period. Breed s Hill Capital LLC lifted its stake in shares of Mondelez International by 75.1% in the fourth quarter. Breed s Hill Capital LLC now owns 5,805 shares of the company's stock worth $347,000 after acquiring an additional 2,489 shares during the period. Vise Technologies Inc. lifted its stake in shares of Mondelez International by 75.9% in the fourth quarter. Vise Technologies Inc. now owns 12,608 shares of the company's stock worth $753,000 after acquiring an additional 5,442 shares during the period. Finally, Connecticut Wealth Management LLC lifted its stake in shares of Mondelez International by 1.9% in the fourth quarter. Connecticut Wealth Management LLC now owns 11,077 shares of the company's stock worth $662,000 after acquiring an additional 208 shares during the period. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Evercore ISI raised their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, 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 report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Stock Performance

Mondelez International stock traded up $0.76 during mid-day trading on Tuesday, reaching $66.90. 6,595,777 shares of the stock traded hands, compared to its average volume of 8,018,340. The business's 50-day moving average is $66.29 and its 200-day moving average is $63.27. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $86.62 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping 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 business 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 company posted $0.93 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is presently 69.89%.

Mondelez International 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.