Norinchukin Bank The increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 70,776 shares of the company's stock after buying an additional 5,007 shares during the period. Norinchukin Bank The's holdings in Mondelez International were worth $4,227,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after acquiring an additional 931,776 shares during the period. Capital Research Global Investors boosted its position in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares in the last quarter. Norges Bank acquired a new stake in Mondelez International during the fourth quarter valued at approximately $1,118,755,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after buying an additional 208,181 shares in the last quarter. Institutional investors own 78.32% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. UBS Group lifted their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Wells Fargo & Company upped their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Finally, Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.05.
Get Our Latest Stock Analysis on Mondelez International
Mondelez International Stock Down 1.3 %
MDLZ stock traded down $0.86 during mid-day trading on Wednesday, hitting $67.43. The stock had a trading volume of 6,369,468 shares, compared to its average volume of 7,961,435. 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 moving average of $65.54 and a 200 day 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 stock has a market capitalization of $87.23 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 4.34 and a beta of 0.47.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a dividend of $0.47 per share. 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%.
About Mondelez International
(
Free Report)
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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