Ceredex Value Advisors LLC Acquires Shares of 684,241 Mondelez International, Inc. (NASDAQ:MDLZ)

Ceredex Value Advisors LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 684,241 shares of the company's stock, valued at approximately $40,870,000. Ceredex Value Advisors LLC owned 0.05% of Mondelez International at the end of the most recent reporting period.

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

Mondelez International Trading Up 1.3 %

MDLZ stock traded up $0.84 on Friday, hitting $67.32. 10,777,611 shares of the company were exchanged, compared to its average volume of 8,027,896. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $87.08 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The business's fifty day moving average is $65.25 and its two-hundred day moving average is $64.02.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MDLZ shares. Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and cut their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group lifted their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday. Barclays reduced their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, The Goldman Sachs Group cut their price objective 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.