Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Boosted by Edgar Lomax Co. VA

Edgar Lomax Co. VA raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 337.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 984,040 shares of the company's stock after purchasing an additional 759,225 shares during the period. Mondelez International accounts for approximately 3.8% of Edgar Lomax Co. VA's portfolio, making the stock its 5th biggest holding. Edgar Lomax Co. VA owned approximately 0.07% of Mondelez International worth $58,777,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares during the last quarter. Geode Capital Management LLC raised its position in Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares during the period. Norges Bank acquired a new position in shares of Mondelez International in the 4th quarter valued at $1,118,755,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Mondelez International by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after purchasing an additional 208,181 shares during the period. Finally, Invesco Ltd. increased its position in shares of Mondelez International by 13.6% during the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock worth $741,224,000 after purchasing an additional 1,483,270 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ:MDLZ traded down $0.86 during mid-day trading on Wednesday, hitting $67.43. 6,369,468 shares of the company's stock traded hands, compared to its average volume of 7,993,038. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market cap of $87.23 billion, a PE ratio of 19.72, a price-to-earnings-growth 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. The firm's 50 day simple moving average is $65.54 and its 200 day simple moving average is $63.91.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MDLZ shares. Evercore ISI increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Piper Sandler increased their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Finally, Morgan Stanley started coverage on Mondelez International in a research note on Monday, March 24th. They issued an "overweight" rating and a $69.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $70.05.

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.