Ethic Inc. Has $10.55 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Ethic Inc. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 29.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,614 shares of the company's stock after purchasing an additional 39,921 shares during the period. Ethic Inc.'s holdings in Mondelez International were worth $10,549,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after purchasing an additional 931,776 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after purchasing an additional 975,929 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Mondelez International in the 4th quarter valued at $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MDLZ shares. Wells Fargo & Company raised their price target on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. Mizuho raised their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and dropped their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Stifel Nicolaus raised their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.55.

Mondelez International Stock Down 1.3%

Shares of NASDAQ:MDLZ traded down $0.85 during trading on Friday, hitting $66.37. 5,135,787 shares of the company's stock traded hands, compared to its average volume of 7,934,199. The company has a market cap of $85.94 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $66.41 and a 200-day moving average price of $63.49.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio is 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.