RBO & Co. LLC Buys 6,452 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

RBO & Co. LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 259,715 shares of the company's stock after acquiring an additional 6,452 shares during the period. Mondelez International comprises 2.5% of RBO & Co. LLC's portfolio, making the stock its 17th biggest position. RBO & Co. LLC's holdings in Mondelez International were worth $15,513,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Diamant Asset Management Inc. lifted its position in shares of Mondelez International by 27.6% in the third quarter. Diamant Asset Management Inc. now owns 3,978 shares of the company's stock valued at $293,000 after buying an additional 860 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Mondelez International by 13.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,088 shares of the company's stock valued at $1,042,000 after buying an additional 1,686 shares during the period. Arvest Bank Trust Division acquired a new stake in shares of Mondelez International during the 3rd quarter worth $14,578,000. Wilmington Savings Fund Society FSB increased its holdings in Mondelez International by 489.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 104,764 shares of the company's stock valued at $7,718,000 after buying an additional 86,981 shares during the period. Finally, Tidal Investments LLC increased its stake in Mondelez International by 6.5% in the third quarter. Tidal Investments LLC now owns 97,883 shares of the company's stock valued at $7,211,000 after acquiring an additional 5,944 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Mizuho upped their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company lifted their price target on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. One equities 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Performance

Shares of Mondelez International stock traded down $0.12 during mid-day trading on Friday, hitting $67.75. 7,395,023 shares of the stock were exchanged, compared to its average volume of 7,919,562. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $87.64 billion, a P/E ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.47. The company has a 50-day simple moving average of $66.14 and a 200 day simple moving average of $63.72. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

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 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 business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. Sell-side 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 disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Monday, March 31st. 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.