Cerity Partners LLC Acquires 25,215 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cerity Partners LLC increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 818,073 shares of the company's stock after acquiring an additional 25,215 shares during the period. Cerity Partners LLC owned approximately 0.06% of Mondelez International worth $49,659,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in shares of Mondelez International by 65.3% during the fourth quarter. Federated Hermes Inc. now owns 26,010 shares of the company's stock worth $1,554,000 after buying an additional 10,279 shares during the period. Hurley Capital LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $768,000. Hemenway Trust Co LLC raised its stake in shares of Mondelez International by 3.8% during the fourth quarter. Hemenway Trust Co LLC now owns 5,691 shares of the company's stock valued at $340,000 after purchasing an additional 207 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Mondelez International by 0.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,065,628 shares of the company's stock worth $183,110,000 after purchasing an additional 27,695 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in Mondelez International by 18.4% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 440,190 shares of the company's stock valued at $26,293,000 after buying an additional 68,457 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

MDLZ has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target 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. The Goldman Sachs Group cut 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. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Piper Sandler lifted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.50.

Mondelez International Stock Up 1.6 %

Shares of Mondelez International stock traded up $1.07 during midday trading on Friday, hitting $67.05. The company's stock had a trading volume of 8,840,632 shares, compared to its average volume of 8,048,940. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $86.73 billion, a P/E ratio of 19.61, a PEG ratio of 4.34 and a beta of 0.47. The stock has a 50-day simple moving average of $64.38 and a 200-day simple moving average of $64.10.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 annualized dividend and a dividend yield of 2.80%. Mondelez International's dividend payout ratio is 54.97%.

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.