Focus Partners Wealth Has $57.30 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Focus Partners Wealth lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 941,583 shares of the company's stock after acquiring an additional 53,838 shares during the quarter. Focus Partners Wealth owned 0.07% of Mondelez International worth $57,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after acquiring an additional 931,776 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International during the fourth quarter worth about $1,118,755,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

MDLZ traded down $0.60 during midday trading on Wednesday, reaching $63.54. The company's stock had a trading volume of 7,454,905 shares, compared to its average volume of 7,960,143. The company has a fifty day simple moving average of $66.35 and a 200 day simple moving average of $63.47. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market cap of $82.27 billion, a P/E ratio of 18.58, a PEG ratio of 4.34 and a beta of 0.50.

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, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the company earned $0.93 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. Research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.96%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. UBS Group upped their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Stifel Nicolaus upped their target price on 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 reaffirmed an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $70.55.

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.