Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Raised by Shell Asset Management Co.

Shell Asset Management Co. increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 124.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,854 shares of the company's stock after acquiring an additional 4,355 shares during the period. Shell Asset Management Co.'s holdings in Mondelez International were worth $469,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth about $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $27,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International during the fourth quarter worth $31,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Mondelez International in the fourth quarter valued at $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDLZ. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Barclays raised their price target on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.23 during midday trading on Thursday, hitting $65.49. 6,956,586 shares of the stock were exchanged, compared to its average volume of 7,987,526. The company has a market capitalization of $84.80 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a 50-day moving average price of $66.21 and a two-hundred day moving average price of $63.34.

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 (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

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. This represents a $1.88 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 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.