Penserra Capital Management LLC Grows Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Penserra Capital Management LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 295.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,846 shares of the company's stock after purchasing an additional 10,345 shares during the quarter. Penserra Capital Management LLC's holdings in Mondelez International were worth $938,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MDLZ. Norges Bank purchased a new stake in shares of Mondelez International during the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors grew its holdings in Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Mondelez International during the 1st quarter valued at about $189,930,000. Deutsche Bank AG grew its holdings in Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Mondelez International during the 4th quarter valued at about $104,065,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on MDLZ. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Stifel Nicolaus upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Barclays upped their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Morgan Stanley upped their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.03 on Friday, reaching $67.18. 6,171,071 shares of the company's stock traded hands, compared to its average volume of 8,101,577. The firm has a market cap of $86.99 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 5.20 and a beta of 0.48. The stock has a 50 day moving average price of $66.99 and a 200-day moving average price of $64.25. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 2.80%. Mondelez International's dividend payout ratio is presently 69.89%.

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.