Savvy Advisors Inc. Buys 6,035 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Savvy Advisors Inc. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 216.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,824 shares of the company's stock after purchasing an additional 6,035 shares during the quarter. Savvy Advisors Inc.'s holdings in Mondelez International were worth $527,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Marshall Investment Management LLC bought a new stake in Mondelez International during the fourth quarter worth $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the 4th quarter valued at $31,000. McClarren Financial Advisors Inc. bought a new position in Mondelez International during the 4th quarter worth $32,000. Finally, Sierra Ocean LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at about $32,000. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Morgan Stanley started coverage on Mondelez International in a research note on Monday, March 24th. They issued an "overweight" rating and a $69.00 price objective on the stock. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Mizuho lifted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada lowered their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. One investment 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.80.

Mondelez International Stock Performance

MDLZ traded up $0.84 during midday trading on Friday, reaching $67.32. The company had a trading volume of 10,777,611 shares, compared to its average volume of 8,030,557. The business has a 50-day moving average price of $65.11 and a two-hundred day moving average price of $64.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market cap of $87.08 billion, a PE ratio of 19.68, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued 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 dividend payout ratio (DPR) is presently 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.