Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,838,803 shares of the company's stock after purchasing an additional 156,230 shares during the period. Victory Capital Management Inc. owned about 0.14% of Mondelez International worth $124,763,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Abound Financial LLC purchased a new stake in Mondelez International during the first quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International in the 1st quarter worth about $26,000. Transce3nd LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $30,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 3.5%

NASDAQ:MDLZ traded up $2.33 during midday trading on Thursday, reaching $69.80. 9,139,327 shares of the stock traded hands, compared to its average volume of 8,076,673. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business has a 50-day moving average of $66.98 and a two-hundred day moving average of $64.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a market capitalization of $90.38 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 5.23 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the business earned $0.93 earnings per share. The firm's revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MDLZ. 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 lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group boosted their price target on Mondelez International from $69.00 to $72.00 and gave the company a "neutral" rating in a research note on Thursday. Morgan Stanley upped their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.63.

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.