Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Boosted by Canton Hathaway LLC

Canton Hathaway LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1,500.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,400 shares of the company's stock after purchasing an additional 6,000 shares during the quarter. Canton Hathaway LLC's holdings in Mondelez International were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Norges Bank acquired a new position in shares of Mondelez International in the 4th quarter worth $1,118,755,000. Capital Research Global Investors grew its holdings in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mondelez International in the 4th quarter worth $256,832,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Mondelez International in the 1st quarter worth $189,930,000. Finally, Deutsche Bank AG grew its holdings in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Stifel Nicolaus raised their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. UBS Group raised their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $68.31 on Friday. The business's 50 day moving average price is $66.66 and its two-hundred day moving average price is $63.55. The company has a market cap of $88.45 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 5.14 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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 for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The business's revenue was up .2% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is presently 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.

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