Fayez Sarofim & Co Has $269.96 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Fayez Sarofim & Co raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 19.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,519,695 shares of the company's stock after acquiring an additional 736,897 shares during the quarter. Fayez Sarofim & Co owned approximately 0.34% of Mondelez International worth $269,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. OneDigital Investment Advisors LLC increased its stake in Mondelez International by 3.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 21,070 shares of the company's stock valued at $1,259,000 after buying an additional 654 shares during the last quarter. Stifel Financial Corp increased its position in shares of Mondelez International by 11.6% in the fourth quarter. Stifel Financial Corp now owns 1,276,951 shares of the company's stock valued at $76,274,000 after acquiring an additional 132,749 shares during the last quarter. State of Tennessee Department of Treasury raised its holdings in Mondelez International by 3.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 606,299 shares of the company's stock worth $36,214,000 after acquiring an additional 20,555 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Mondelez International by 101.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 132,559 shares of the company's stock valued at $7,918,000 after buying an additional 66,645 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in Mondelez International in the fourth quarter valued at $30,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on MDLZ. Citigroup dropped their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. UBS Group lifted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.05.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.86 during mid-day trading on Wednesday, hitting $67.43. 6,369,468 shares of the stock traded hands, compared to its average volume of 7,961,440. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a 50 day simple moving average of $65.67 and a two-hundred day simple moving average of $63.94. 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 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results 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, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis 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%.

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.