Aquatic Capital Management LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 192,182 shares of the company's stock, valued at approximately $11,479,000.
Other large investors also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd increased its holdings in Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after acquiring an additional 74,975 shares during the last quarter. Czech National Bank increased its holdings in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. increased its holdings in Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after acquiring an additional 18,961 shares during the last quarter. Legacy Private Trust Co. increased its holdings in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after acquiring an additional 957 shares during the last quarter. Finally, Kennedy Investment Group purchased a new stake in Mondelez International in the 4th quarter worth about $313,000. Hedge funds and other institutional investors own 78.32% of the company's stock.
Mondelez International Price Performance
NASDAQ:MDLZ traded down $0.49 during mid-day trading on Monday, reaching $65.10. The stock had a trading volume of 6,660,776 shares, compared to its average volume of 7,909,424. The firm has a 50 day moving average price of $65.92 and a two-hundred day moving average price of $63.72. The stock has a market capitalization of $84.21 billion, a P/E ratio of 19.04, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its 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%. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. Mondelez International's payout ratio is 54.97%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on MDLZ. UBS Group lifted their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a report on Friday, February 7th. JPMorgan Chase & Co. lifted 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, Wells Fargo & Company lifted their target price on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.70.
Read Our Latest Stock Analysis on Mondelez International
Mondelez International Company Profile
(
Free Report)
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.
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