GAMMA Investing LLC Has $84.32 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

GAMMA Investing LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8,117.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,242,741 shares of the company's stock after purchasing an additional 1,227,618 shares during the period. GAMMA Investing LLC owned approximately 0.10% of Mondelez International worth $84,320,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. ICICI Prudential Asset Management Co Ltd raised its holdings in Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares in the last quarter. Buckingham Capital Management Inc. boosted its holdings in Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after acquiring an additional 18,961 shares during the period. Rhumbline Advisers raised its stake in shares of Mondelez International by 1.4% in the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock valued at $163,787,000 after buying an additional 37,897 shares in the last quarter. Amundi lifted its holdings in shares of Mondelez International by 20.1% during the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after acquiring an additional 478,225 shares during the period. Finally, Quilter Plc increased its holdings in Mondelez International by 3.0% during the 4th quarter. Quilter Plc now owns 889,192 shares of the company's stock valued at $53,111,000 after purchasing an additional 26,023 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.8%

Shares of NASDAQ MDLZ traded down $0.51 during trading hours on Thursday, hitting $66.12. The company had a trading volume of 1,844,998 shares, compared to its average volume of 9,629,292. The firm's 50 day moving average is $66.49 and its 200-day moving average is $63.37. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market capitalization of $85.62 billion, a P/E ratio of 19.33, a price-to-earnings-growth 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. On average, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Wells Fargo & Company boosted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. One equities 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 company's stock. According to MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus price target of $70.55.

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.