Aviva PLC Purchases 220,044 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Aviva PLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 968,795 shares of the company's stock after acquiring an additional 220,044 shares during the quarter. Aviva PLC owned 0.07% of Mondelez International worth $57,866,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. ICICI Prudential Asset Management Co Ltd boosted its stake in shares of 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 valued at $5,520,000 after purchasing an additional 74,975 shares in the last quarter. Czech National Bank lifted its holdings in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. grew its stake in Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after buying an additional 18,961 shares during the last quarter. Legacy Private Trust Co. grew its stake in Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after buying an additional 957 shares during the last quarter. Finally, Kennedy Investment Group acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $313,000. Institutional investors and hedge funds own 78.32% of the company's stock.

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Mondelez International Trading Up 1.8 %

NASDAQ MDLZ traded up $1.20 during trading on Friday, reaching $67.18. 2,307,634 shares of the stock traded hands, compared to its average volume of 8,034,601. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $86.90 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The stock's 50-day moving average price is $64.16 and its 200 day moving average price is $64.22.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Royal Bank of Canada reduced their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.50.

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.