Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,829 shares of the company's stock after acquiring an additional 20,234 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Mondelez International were worth $4,290,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Glass Jacobson Investment Advisors llc increased its stake in Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after buying an additional 168 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after buying an additional 181 shares during the period. Traphagen Investment Advisors LLC raised its position in shares of Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock valued at $1,411,000 after buying an additional 187 shares in the last quarter. Core Alternative Capital lifted its position in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after buying an additional 187 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its stake in shares of Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after acquiring an additional 191 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDLZ. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and lowered their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.70.

Mondelez International Trading Up 0.1 %

Shares of NASDAQ MDLZ traded up $0.07 during midday trading on Friday, hitting $65.59. The company's stock had a trading volume of 6,441,959 shares, compared to its average volume of 7,922,248. The firm has a market cap of $84.84 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business's 50 day moving average is $65.76 and its two-hundred day moving average is $63.90. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

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%. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

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