Fairtree Asset Management Pty Ltd Purchases New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

Fairtree Asset Management Pty Ltd bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,276 shares of the company's stock, valued at approximately $435,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $27,000. Transce3nd LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $31,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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 research report on Wednesday, April 2nd. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Morgan Stanley raised their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Stock Up 0.2%

Shares of Mondelez International stock traded up $0.14 during trading hours on Friday, hitting $67.61. The company had a trading volume of 12,140,762 shares, compared to its average volume of 8,044,273. The company's 50-day moving average is $66.44 and its two-hundred day moving average is $63.32. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve 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 company has a market cap of $87.54 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.78%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

About Mondelez International

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.