Twin Capital Management Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 92.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,007 shares of the company's stock after selling 36,976 shares during the quarter. Twin Capital Management Inc.'s holdings in Mondelez International were worth $204,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after buying an additional 931,776 shares during the period. Capital Research Global Investors increased its stake 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 buying an additional 4,572,555 shares during the period. Geode Capital Management LLC increased its stake in Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after buying an additional 708,523 shares during the period. Ameriprise Financial Inc. increased its stake in Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after buying an additional 975,929 shares during the period. Finally, Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter worth $1,118,755,000. Hedge funds and other institutional investors own 78.32% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on MDLZ. Evercore ISI increased their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus increased their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley increased their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. UBS Group increased their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued 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 $70.72.
Read Our Latest Research Report on Mondelez International
Mondelez International Stock Performance
NASDAQ MDLZ traded up $1.33 during midday trading on Tuesday, hitting $70.75. The company had a trading volume of 6,727,914 shares, compared to its average volume of 8,109,603. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The stock has a market cap of $91.61 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 5.23 and a beta of 0.48. The firm has a fifty day simple moving average of $67.10 and a two-hundred day simple moving average of $64.61. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for 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 quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.66%. Mondelez International's dividend payout ratio is 69.89%.
About Mondelez International
(
Free Report)
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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