NBC Securities Inc. Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

NBC Securities Inc. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 67,660.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,164 shares of the company's stock after acquiring an additional 10,149 shares during the quarter. NBC Securities Inc.'s holdings in Mondelez International were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Norges Bank bought a new stake in Mondelez International during the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors increased its holdings in shares of Mondelez International by 13.9% in the fourth 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 during the period. Raymond James Financial Inc. bought a new position in shares of Mondelez International in the fourth quarter worth $256,832,000. Van ECK Associates Corp raised its position 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 worth $203,749,000 after buying an additional 3,282,937 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after buying an additional 2,002,640 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 0.3%

MDLZ traded down $0.22 during midday trading on Friday, reaching $66.15. 6,279,009 shares of the company's stock traded hands, compared to its average volume of 8,029,546. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a fifty day moving average of $66.46 and a two-hundred day moving average of $63.38. The stock has a market capitalization of $85.65 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 4.34 and a beta of 0.48.

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 (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 net margin of 12.68% and a return on equity of 16.75%. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MDLZ shares. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Wells Fargo & Company raised their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Mizuho boosted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.55.

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.