Burgundy Asset Management Ltd. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,303,185 shares of the company's stock after purchasing an additional 114,712 shares during the period. Mondelez International makes up approximately 2.0% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 12th largest position. Burgundy Asset Management Ltd. owned about 0.25% of Mondelez International worth $197,299,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter worth $27,000. Transce3nd LLC purchased a new position in Mondelez International in the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.
Mondelez International Trading Down 0.1%
MDLZ traded down $0.05 during midday trading on Wednesday, hitting $66.85. The company's stock had a trading volume of 1,718,023 shares, compared to its average volume of 7,993,499. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a 50-day moving average price of $66.35 and a two-hundred day moving average price of $63.29. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market cap of $86.56 billion, a P/E ratio of 19.54, a PEG ratio of 4.34 and a beta of 0.50.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors 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 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. UBS Group increased 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. Wells Fargo & Company increased their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. Evercore ISI raised their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, Mizuho boosted their price objective 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average target price of $70.55.
Read Our Latest Research Report on Mondelez International
Mondelez International Profile
(
Free Report)
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.
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