Oppenheimer Asset Management Inc. Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Oppenheimer Asset Management Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 138.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,692 shares of the company's stock after purchasing an additional 56,641 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Mondelez International were worth $6,628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Norges Bank purchased a new stake in shares of Mondelez International in the 4th quarter worth about $1,118,755,000. Capital Research Global Investors lifted its position 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 purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Mondelez International in the 4th quarter worth about $256,832,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Mondelez International in the 1st quarter worth about $189,930,000. Finally, Deutsche Bank AG lifted its position 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 purchasing an additional 2,002,640 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $68.43 on Wednesday. The company has a 50 day moving average price of $66.69 and a 200-day moving average price of $63.63. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market capitalization of $88.60 billion, a PE ratio of 25.44, a P/E/G ratio of 5.30 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 (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors 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 annualized dividend and a yield of 2.75%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted 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. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. 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. Barclays lifted their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Evercore ISI raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. One equities research 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

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.

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