Resona Asset Management Co. Ltd. Purchases New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

Resona Asset Management Co. Ltd. purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 424,088 shares of the company's stock, valued at approximately $25,357,000.

Other hedge funds have also recently modified their holdings of the company. Prudential PLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $282,000. Landscape Capital Management L.L.C. bought a new position in Mondelez International during the 4th quarter worth about $868,000. Resolute Advisors LLC increased its position in Mondelez International by 38.0% during the 4th quarter. Resolute Advisors LLC now owns 4,003 shares of the company's stock valued at $241,000 after purchasing an additional 1,102 shares during the period. Yoffe Investment Management LLC purchased a new position in Mondelez International during the 4th quarter valued at about $205,000. Finally, DF Dent & Co. Inc. raised its holdings in shares of Mondelez International by 1.0% in the 4th quarter. DF Dent & Co. Inc. now owns 21,555 shares of the company's stock valued at $1,287,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDLZ. Barclays cut their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. 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 report on Wednesday, January 8th. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Wells Fargo & Company increased their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.50.

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Mondelez International Stock Performance

NASDAQ:MDLZ traded up $1.18 during mid-day trading on Friday, hitting $67.16. The company's stock had a trading volume of 2,307,634 shares, compared to its average volume of 8,034,483. The business's fifty day moving average is $64.16 and its two-hundred day moving average is $64.22. The stock has a market cap of $86.87 billion, a price-to-earnings ratio of 19.61, a PEG 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 debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, March 31st. 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.