BI Asset Management Fondsmaeglerselskab A S Has $4.29 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,829 shares of the company's stock after buying an additional 20,234 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Mondelez International were worth $4,290,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Mondelez International during the 4th quarter worth $1,118,755,000. Capital Research Global Investors raised its holdings in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Raymond James Financial Inc. bought a new position in Mondelez International in the fourth quarter worth $256,832,000. Van ECK Associates Corp boosted its position in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after acquiring an additional 3,282,937 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Mondelez International by 13.6% in the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock worth $741,224,000 after buying an additional 1,483,270 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Evercore ISI lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. UBS Group upped 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. Finally, DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the company from $66.00 to $68.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.70.

Mondelez International Trading Up 0.1 %

NASDAQ:MDLZ traded up $0.07 on Friday, reaching $65.59. The company's stock had a trading volume of 6,451,382 shares, compared to its average volume of 7,911,362. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The business's 50-day moving average price is $65.85 and its two-hundred day moving average price is $63.86. The firm has a market cap of $84.84 billion, a PE ratio of 19.18, a PEG ratio of 4.34 and a beta of 0.47. 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 issued its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.87%. Mondelez International's dividend payout ratio is currently 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.