Intact Investment Management Inc. Purchases 56,500 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Intact Investment Management Inc. grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 49.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 170,400 shares of the company's stock after purchasing an additional 56,500 shares during the quarter. Intact Investment Management Inc.'s holdings in Mondelez International were worth $11,562,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new position in Mondelez International in the fourth quarter worth $26,000. Transce3nd LLC acquired a new position in Mondelez International in the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new position in Mondelez International in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter worth $31,000. Finally, Coppell Advisory Solutions LLC boosted its stake in Mondelez International by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock worth $32,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MDLZ shares. Morgan Stanley boosted their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $78.00 in a research note on Friday. Barclays upped their price target on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Trading Up 3.0%

Shares of Mondelez International stock traded up $1.96 during trading hours on Friday, hitting $68.31. The company's stock had a trading volume of 12,997,727 shares, compared to its average volume of 8,082,153. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a 50 day moving average of $66.66 and a 200 day moving average of $63.56. The company has a market capitalization of $88.45 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 5.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (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 during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders 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 2.75%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Mondelez International 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.