Ossiam Buys 30,687 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ossiam lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 121.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,049 shares of the company's stock after acquiring an additional 30,687 shares during the period. Ossiam's holdings in Mondelez International were worth $3,348,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages have commented on MDLZ. Royal Bank of Canada reduced 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. Morgan Stanley initiated coverage on shares of Mondelez International in a research note on Monday, March 24th. They issued an "overweight" rating and a $69.00 target price for the company. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Finally, Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.05.

Mondelez International Price Performance

MDLZ stock traded down $0.86 on Wednesday, hitting $67.43. 6,369,468 shares of the company's stock traded hands, compared to its average volume of 7,961,435. The stock has a market cap of $87.23 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 fifty day moving average of $65.54 and a 200-day moving average of $63.91.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its 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 return on equity of 16.75% and a net margin of 12.68%. On average, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) 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.