Stifel Financial Corp Buys 132,749 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stifel Financial Corp boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,276,951 shares of the company's stock after acquiring an additional 132,749 shares during the quarter. Stifel Financial Corp owned 0.10% of Mondelez International worth $76,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new position in Mondelez International in the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in Mondelez International during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International during the 4th quarter worth $31,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International in the fourth quarter valued at about $32,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several research reports. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Evercore ISI raised their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $66.00 to $68.00 in a research note on Thursday. Finally, Morgan Stanley began coverage on Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.70.

Mondelez International Stock Down 0.6 %

MDLZ traded down $0.40 during midday trading on Monday, hitting $65.19. The company had a trading volume of 2,124,953 shares, compared to its average volume of 7,892,207. The stock's 50 day moving average price is $65.85 and its 200 day moving average price is $63.76. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $84.33 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

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.