DAVENPORT & Co LLC Acquires 4,938 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

DAVENPORT & Co LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 197,959 shares of the company's stock after buying an additional 4,938 shares during the period. DAVENPORT & Co LLC's holdings in Mondelez International were worth $13,431,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the last quarter. Capital Research Global Investors grew its position in Mondelez International by 13.9% during the 4th 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Finally, Norges Bank purchased a new stake in Mondelez International in the 4th quarter worth $1,118,755,000. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent analyst reports. Evercore ISI increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. UBS Group lifted their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Finally, Stifel Nicolaus boosted their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Trading Down 0.8%

Shares of MDLZ traded down $0.55 on Thursday, reaching $69.02. 3,342,865 shares of the company's stock were exchanged, compared to its average volume of 8,062,477. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business has a 50 day moving average price of $66.78 and a two-hundred day moving average price of $63.86. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $89.36 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 5.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period last year, the business earned $0.93 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.72%. Mondelez International's dividend payout ratio (DPR) 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.