Mackenzie Financial Corp Purchases 76,797 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mackenzie Financial Corp boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,010,884 shares of the company's stock after acquiring an additional 76,797 shares during the quarter. Mackenzie Financial Corp owned 0.08% of Mondelez International worth $60,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Forum Financial Management LP lifted its holdings in Mondelez International by 5.1% in the fourth quarter. Forum Financial Management LP now owns 13,029 shares of the company's stock worth $778,000 after buying an additional 634 shares during the period. Peak Retirement Planning Inc. purchased a new stake in Mondelez International in the fourth quarter worth approximately $768,000. Toronto Dominion Bank boosted its holdings in Mondelez International by 3.1% in the fourth quarter. Toronto Dominion Bank now owns 758,826 shares of the company's stock worth $45,325,000 after purchasing an additional 22,715 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Mondelez International during the 4th quarter worth $15,137,000. Finally, Pacific Point Advisors LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $223,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Barclays upped their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. UBS Group increased their price target on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Piper Sandler raised their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus raised their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $70.55.

Mondelez International Stock Performance

Mondelez International stock traded up $0.13 on Friday, hitting $67.60. The company's stock had a trading volume of 1,753,853 shares, compared to its average volume of 7,994,369. The firm has a market cap of $87.53 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $66.44 and a 200-day moving average price of $63.32. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. On average, equities analysts anticipate 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 dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio 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.