Gotham Asset Management LLC Has $23.84 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Gotham Asset Management LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 399,171 shares of the company's stock after purchasing an additional 114,090 shares during the period. Gotham Asset Management LLC's holdings in Mondelez International were worth $23,842,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Marshall Investment Management LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the fourth quarter worth $27,000. Transce3nd LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at $31,000. Finally, Sierra Ocean LLC purchased a new position in Mondelez International in the fourth quarter valued at $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDLZ. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. increased their target price on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $1.51 during midday trading on Tuesday, hitting $64.33. 1,001,078 shares of the company's stock were exchanged, compared to its average volume of 7,905,272. The firm has a market cap of $83.29 billion, a P/E ratio of 18.83, a PEG ratio of 4.34 and a beta of 0.50. 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, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock's 50 day moving average price is $66.40 and its 200-day moving average price is $63.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $9.37 billion. During the same period in the previous year, the business earned $0.93 EPS. The company's revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

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.