Canada Post Corp Registered Pension Plan Acquires Shares of 18,924 Mondelez International, Inc. (NASDAQ:MDLZ)

Canada Post Corp Registered Pension Plan purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,924 shares of the company's stock, valued at approximately $1,130,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Defined Financial Planning LLC bought a new position in shares of Mondelez International during the fourth quarter valued at $301,000. XTX Topco Ltd purchased a new stake in Mondelez International during the 4th quarter valued at about $352,000. CreativeOne Wealth LLC increased its stake in Mondelez International by 125.1% during the 4th quarter. CreativeOne Wealth LLC now owns 35,033 shares of the company's stock valued at $2,093,000 after purchasing an additional 19,468 shares in the last quarter. SageView Advisory Group LLC increased its stake in Mondelez International by 31.0% during the 4th quarter. SageView Advisory Group LLC now owns 5,351 shares of the company's stock valued at $320,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Carson Advisory Inc. raised its holdings in Mondelez International by 11.8% in the fourth quarter. Carson Advisory Inc. now owns 5,689 shares of the company's stock worth $340,000 after buying an additional 601 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.84 during trading on Friday, hitting $67.32. The company had a trading volume of 10,777,611 shares, compared to its average volume of 8,015,877. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month 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. The firm has a market capitalization of $87.08 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The stock has a 50 day simple moving average of $65.25 and a 200 day simple moving average of $63.91.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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 anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International's dividend payout ratio is 54.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. Wells Fargo & Company boosted their price target on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group decreased their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.80.

Mondelez International Company 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.