Peak Retirement Planning Inc. Purchases Shares of 12,851 Mondelez International, Inc. (NASDAQ:MDLZ)

Peak Retirement Planning Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,851 shares of the company's stock, valued at approximately $768,000.

Several other institutional investors have also bought and sold shares of the business. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after acquiring an additional 74,975 shares during the last quarter. Buckingham Capital Management Inc. raised its position in Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after purchasing an additional 18,961 shares during the period. Kennedy Investment Group purchased a new stake in Mondelez International during the fourth quarter valued at approximately $313,000. Rhumbline Advisers boosted its holdings in shares of Mondelez International by 1.4% in the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock worth $163,787,000 after purchasing an additional 37,897 shares during the period. Finally, Amundi boosted its holdings in shares of Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after purchasing an additional 478,225 shares during the period. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MDLZ shares. JPMorgan Chase & Co. increased their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Morgan Stanley raised their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Finally, DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Stock Up 1.1%

Shares of NASDAQ MDLZ traded up $0.76 during midday trading on Tuesday, reaching $66.90. 6,595,777 shares of the company's stock traded hands, compared to its average volume of 8,018,340. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $86.62 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 4.34 and a beta of 0.50. The stock's 50 day simple moving average is $66.29 and its 200-day simple moving average is $63.27. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the business posted $0.93 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.81%. 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.