Prudential PLC Invests $282,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Prudential PLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,715 shares of the company's stock, valued at approximately $282,000.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in Mondelez International in the fourth quarter valued at about $1,118,755,000. Raymond James Financial Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $256,832,000. Van ECK Associates Corp raised its stake in shares of Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Mondelez International by 13.5% in the fourth quarter. Franklin Resources Inc. now owns 8,806,832 shares of the company's stock valued at $526,032,000 after buying an additional 1,049,498 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Mondelez International by 0.7% in the fourth 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 last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MDLZ shares. Wells Fargo & Company increased their price target on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Morgan Stanley started coverage on shares of Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 price target on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. One equities 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.50.

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Mondelez International Price Performance

Shares of Mondelez International stock traded up $1.07 on Friday, reaching $67.05. 8,840,632 shares of the stock were exchanged, compared to its average volume of 8,046,489. 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 $86.73 billion, a PE ratio of 19.61, a P/E/G ratio of 4.34 and a beta of 0.47. The firm's 50 day moving average is $64.38 and its 200-day moving average is $64.18. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. 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 declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

About Mondelez International

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.