Gamco Investors INC. ET AL Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Gamco Investors INC. ET AL lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 548,911 shares of the company's stock after selling 10,981 shares during the period. Gamco Investors INC. ET AL's holdings in Mondelez International were worth $32,786,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the fourth quarter valued at $31,000. McClarren Financial Advisors Inc. acquired a new stake in Mondelez International during the fourth quarter worth approximately $32,000. Finally, Sierra Ocean LLC purchased a new position in Mondelez International during the 4th quarter worth approximately $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Morgan Stanley began coverage on Mondelez International in a research note on Monday, March 24th. They set an "overweight" rating and a $69.00 price target for the company. Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. Finally, Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.80.

Mondelez International Stock Up 1.3 %

Shares of MDLZ stock traded up $0.84 during midday trading on Friday, reaching $67.32. 10,777,611 shares of the stock were exchanged, compared to its average volume of 8,027,896. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market cap of $87.08 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company's 50 day moving average is $65.25 and its two-hundred day moving average is $64.02. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts predict 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. Shareholders of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.79%. Mondelez International's dividend payout ratio (DPR) is 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.