BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,798 shares of the company's stock after purchasing an additional 31,987 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Mondelez International were worth $15,279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth about $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $27,000. Transce3nd LLC bought a new position in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International during the 4th quarter worth approximately $32,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Wells Fargo & Company upped their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. Finally, UBS Group raised their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Performance

MDLZ stock traded up $0.24 on Tuesday, hitting $66.38. The company had a trading volume of 2,299,891 shares, compared to its average volume of 8,001,434. The stock's 50-day simple moving average is $66.29 and its 200 day simple moving average is $63.27. The stock has a market cap of $85.94 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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 (EPS) 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 business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The business's revenue was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 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.