Chicago Capital LLC Buys Shares of 5,523 Mondelez International, Inc. (NASDAQ:MDLZ)

Chicago Capital LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,523 shares of the company's stock, valued at approximately $375,000.

A number of other hedge funds have also modified their holdings of the stock. ICICI Prudential Asset Management Co Ltd grew its stake in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after purchasing an additional 74,975 shares in the last quarter. Buckingham Capital Management Inc. lifted its holdings in shares of Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after buying an additional 18,961 shares during the last quarter. Amundi grew its stake in shares of Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after buying an additional 478,225 shares in the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $256,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Mondelez International by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock valued at $27,343,000 after buying an additional 4,121 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. Evercore ISI raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Morgan Stanley lifted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Wells Fargo & Company raised their target price on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.11.

Mondelez International Trading Down 1.3%

Mondelez International stock opened at $66.35 on Wednesday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The firm has a market capitalization of $85.91 billion, a PE ratio of 24.67, a PEG ratio of 5.20 and a beta of 0.48. The business's 50-day simple moving average is $66.63 and its 200-day simple moving average is $63.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the previous year, the business posted $0.93 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business 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 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 is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Mondelez International Company 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.

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