Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,276,951 shares of the company's stock after acquiring an additional 132,749 shares during the quarter. Stifel Financial Corp owned 0.10% of Mondelez International worth $76,274,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State of Tennessee Department of Treasury raised its holdings in Mondelez International by 3.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 606,299 shares of the company's stock worth $36,214,000 after buying an additional 20,555 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Mondelez International by 101.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 132,559 shares of the company's stock worth $7,918,000 after acquiring an additional 66,645 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. MetLife Investment Management LLC lifted its position in shares of Mondelez International by 1.9% in the 4th quarter. MetLife Investment Management LLC now owns 353,968 shares of the company's stock valued at $21,143,000 after acquiring an additional 6,562 shares in the last quarter. Finally, Norinchukin Bank The boosted its stake in Mondelez International by 7.6% in the 4th quarter. Norinchukin Bank The now owns 70,776 shares of the company's stock worth $4,227,000 after purchasing an additional 5,007 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ MDLZ opened at $68.29 on Wednesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a fifty day simple moving average of $65.54 and a 200 day simple moving average of $63.91. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $88.33 billion, a P/E ratio of 19.97, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Analysts Set New Price Targets

Several analysts have issued reports on MDLZ shares. The Goldman Sachs Group cut their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company upped their price target on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Dbs Bank cut shares of 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 issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.80.

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.

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