Bank of Montreal Can Increases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Bank of Montreal Can grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,305,690 shares of the company's stock after buying an additional 130,732 shares during the period. Bank of Montreal Can owned 0.17% of Mondelez International worth $137,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Marshall Investment Management LLC purchased a new position in Mondelez International during the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $31,000. McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International in the fourth quarter worth $32,000. Finally, Sierra Ocean LLC bought a new position in shares of Mondelez International in the fourth quarter worth $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MDLZ. Royal Bank of Canada reduced their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average price target of $70.50.

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Mondelez International Trading Up 1.6 %

MDLZ stock traded up $1.07 during trading on Friday, hitting $67.05. 8,840,632 shares of the company traded hands, compared to its average volume of 8,046,489. The company has a 50-day moving average of $64.38 and a 200-day moving average of $64.18. 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, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market capitalization of $86.73 billion, a PE ratio of 19.61, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its 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 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. Mondelez International's dividend payout ratio is presently 54.97%.

About Mondelez International

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.