Compagnie Lombard Odier SCmA Acquires 112,735 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Compagnie Lombard Odier SCmA increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 975,139 shares of the company's stock after purchasing an additional 112,735 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.08% of Mondelez International worth $66,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. May Barnhard Investments LLC acquired a new position in shares of Mondelez International during the first quarter valued at about $225,000. Union Bancaire Privee UBP SA grew its holdings in Mondelez International by 131.6% during the 1st quarter. Union Bancaire Privee UBP SA now owns 4,400 shares of the company's stock worth $278,000 after acquiring an additional 2,500 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Mondelez International by 31.2% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 17,960 shares of the company's stock valued at $1,219,000 after buying an additional 4,274 shares in the last quarter. Simon Quick Advisors LLC raised its position in Mondelez International by 20.8% during the 1st quarter. Simon Quick Advisors LLC now owns 10,005 shares of the company's stock worth $679,000 after buying an additional 1,721 shares during the last quarter. Finally, Flywheel Private Wealth LLC acquired a new position in shares of Mondelez International during the 1st quarter worth $206,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MDLZ shares. Wells Fargo & Company raised their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Finally, Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $70.11.

Mondelez International Price Performance

Shares of MDLZ traded up $1.17 during mid-day trading on Thursday, reaching $68.12. 6,144,115 shares of the company's stock were exchanged, compared to its average volume of 8,048,496. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a 50-day simple moving average of $66.44 and a two-hundred day simple moving average of $63.45. The company has a market cap of $88.20 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 4.34 and a beta of 0.48. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company's revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared 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 yield of 2.76%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 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.