Ferguson Wellman Capital Management Inc. Acquires 4,274 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ferguson Wellman Capital Management Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,960 shares of the company's stock after buying an additional 4,274 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in Mondelez International were worth $1,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Norges Bank bought a new position in Mondelez International during the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors lifted its position in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new stake in Mondelez International during the 4th quarter valued at $256,832,000. Van ECK Associates Corp grew its position in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after buying an additional 3,282,937 shares during the period. Finally, Deutsche Bank AG lifted its position in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MDLZ shares. Wells Fargo & Company raised their price objective 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. Morgan Stanley raised their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. increased their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.11.

Mondelez International Trading Down 1.7%

MDLZ traded down $1.19 on Friday, hitting $66.93. The company had a trading volume of 6,528,752 shares, compared to its average volume of 8,045,816. The business's fifty day simple moving average is $66.50 and its 200 day simple moving average is $63.47. 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, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market cap of $86.66 billion, a PE ratio of 19.57, a PEG ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates 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 for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.81%. 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.