Woodline Partners LP Invests $4.80 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Woodline Partners LP acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 80,304 shares of the company's stock, valued at approximately $4,797,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vident Advisory LLC boosted its holdings in Mondelez International by 4.8% during the 4th quarter. Vident Advisory LLC now owns 35,241 shares of the company's stock worth $2,105,000 after acquiring an additional 1,612 shares during the last quarter. Sone Capital Management LLC purchased a new position in shares of Mondelez International in the 4th quarter worth about $2,172,000. Waters Parkerson & CO. LLC boosted its holdings in shares of Mondelez International by 4.5% in the 4th quarter. Waters Parkerson & CO. LLC now owns 113,595 shares of the company's stock worth $6,785,000 after buying an additional 4,881 shares during the last quarter. Twinbeech Capital LP purchased a new position in shares of Mondelez International in the 4th quarter worth about $32,250,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Mondelez International by 312.7% in the 4th quarter. Two Sigma Investments LP now owns 176,412 shares of the company's stock worth $10,537,000 after buying an additional 133,671 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.5%

MDLZ stock traded up $0.34 on Thursday, reaching $66.96. The company's stock had a trading volume of 2,546,615 shares, compared to its average volume of 7,990,908. The business has a fifty day simple moving average of $66.39 and a two-hundred day simple moving average of $63.31. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market cap of $86.70 billion, a PE ratio of 19.57, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.81%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. Stifel Nicolaus upped their price objective 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. Royal Bank of Canada restated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, UBS Group increased their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.55.

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.