Versant Capital Management Inc Acquires 5,605 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Versant Capital Management Inc raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 312.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,398 shares of the company's stock after purchasing an additional 5,605 shares during the period. Versant Capital Management Inc's holdings in Mondelez International were worth $502,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent analyst reports. Mizuho boosted their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Wells Fargo & Company boosted their target price on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 target price 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Up 0.3%

MDLZ traded up $0.20 during mid-day trading on Wednesday, reaching $67.24. 2,531,806 shares of the stock were exchanged, compared to its average volume of 8,007,628. The company has a 50 day moving average price of $66.51 and a two-hundred day moving average price of $63.34. The stock has a market capitalization of $87.06 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. Mondelez International's revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.80%. Mondelez International's dividend payout ratio is currently 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.