Capital International Inc. CA Boosts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital International Inc. CA boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 22.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,439 shares of the company's stock after buying an additional 30,867 shares during the quarter. Capital International Inc. CA's holdings in Mondelez International were worth $10,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Diamant Asset Management Inc. increased its holdings in shares of Mondelez International by 27.6% during the third quarter. Diamant Asset Management Inc. now owns 3,978 shares of the company's stock valued at $293,000 after acquiring an additional 860 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in Mondelez International by 13.6% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,088 shares of the company's stock worth $1,042,000 after purchasing an additional 1,686 shares during the period. Arvest Bank Trust Division purchased a new stake in Mondelez International during the third quarter valued at $14,578,000. Wilmington Savings Fund Society FSB increased its position in shares of Mondelez International by 489.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 104,764 shares of the company's stock valued at $7,718,000 after purchasing an additional 86,981 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Mondelez International by 6.5% during the third quarter. Tidal Investments LLC now owns 97,883 shares of the company's stock valued at $7,211,000 after buying an additional 5,944 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada dropped their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $69.70.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $1.86 during trading on Thursday, reaching $65.52. The company's stock had a trading volume of 8,274,186 shares, compared to its average volume of 7,962,684. The business's fifty day moving average price is $65.67 and its 200-day moving average price is $63.94. 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 cap of $84.75 billion, a price-to-earnings ratio of 19.16, a P/E/G 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.

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

Mondelez International Dividend Announcement

The business also recently disclosed 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. This represents a $1.88 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio is presently 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.