Wesbanco Bank Inc. Purchases 62,506 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wesbanco Bank Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 220,668 shares of the company's stock after buying an additional 62,506 shares during the period. Wesbanco Bank Inc.'s holdings in Mondelez International were worth $15,447,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its holdings in Mondelez International by 5.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company's stock valued at $179,520,000 after acquiring an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in Mondelez International during the 4th quarter valued at approximately $1,650,000. Signature Estate & Investment Advisors LLC boosted its stake in Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company's stock valued at $2,789,000 after purchasing an additional 1,713 shares during the period. Bahl & Gaynor Inc. grew its holdings in Mondelez International by 1.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company's stock valued at $422,468,000 after buying an additional 62,595 shares during the last quarter. Finally, HS Management Partners LLC increased its position in Mondelez International by 8.3% in the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company's stock worth $121,036,000 after buying an additional 128,490 shares during the period. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on MDLZ. Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, April 11th. StockNews.com cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their target price on Mondelez International from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Sanford C. Bernstein upped their price target on Mondelez International from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on Mondelez International from $82.00 to $76.00 and set an "overweight" rating on the stock in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $80.75.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.19 during midday trading on Thursday, reaching $70.50. 7,423,079 shares of the company traded hands, compared to its average volume of 7,988,777. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $78.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock's 50-day simple moving average is $70.29 and its 200-day simple moving average is $70.86. The firm has a market cap of $94.93 billion, a PE ratio of 22.38, a PEG ratio of 2.50 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.51 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, March 27th. Mondelez International's payout ratio is currently 53.97%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.