Scotia Capital Inc. Increases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Scotia Capital Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,154 shares of the company's stock after purchasing an additional 41,471 shares during the quarter. Scotia Capital Inc.'s holdings in Mondelez International were worth $11,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International in the fourth quarter worth $31,000. McClarren Financial Advisors Inc. purchased a new position in shares of Mondelez International during the 4th quarter worth $32,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley assumed coverage on Mondelez International in a report on Monday, March 24th. They issued an "overweight" rating and a $69.00 price target for the company. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Finally, UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.50.

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Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.33 on Wednesday, hitting $67.36. The stock had a trading volume of 1,530,326 shares, compared to its average volume of 7,998,698. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $87.13 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 4.34 and a beta of 0.47. The company's 50-day moving average is $64.78 and its two-hundred day moving average is $64.08.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results 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, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis 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.