Prairie Sky Financial Group LLC Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Prairie Sky Financial Group LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,931 shares of the company's stock, valued at approximately $267,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Mondelez International in the 4th quarter valued at approximately $1,118,755,000. Capital Research Global Investors lifted its holdings in Mondelez International by 13.9% in 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth about $256,832,000. Van ECK Associates Corp boosted its stake in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after purchasing an additional 3,282,937 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after buying an additional 2,002,640 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on MDLZ. JPMorgan Chase & Co. raised their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Stifel Nicolaus upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Finally, Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.11.

Mondelez International Trading Up 0.8%

Shares of Mondelez International stock traded up $0.54 during midday trading on Tuesday, reaching $67.24. The company had a trading volume of 4,827,426 shares, compared to its average volume of 8,029,750. The stock has a fifty day moving average price of $66.44 and a 200 day moving average price of $63.40. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a market cap of $87.06 billion, a PE ratio of 19.66, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business's revenue was up .2% on a year-over-year basis. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date 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 (DPR) is currently 69.89%.

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.