Taurus Asset Management LLC Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Taurus Asset Management LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,926 shares of the company's stock after acquiring an additional 5,850 shares during the quarter. Mondelez International accounts for approximately 1.6% of Taurus Asset Management LLC's portfolio, making the stock its 29th largest holding. Taurus Asset Management LLC's holdings in Mondelez International were worth $16,541,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Mondelez International in the fourth quarter valued at approximately $1,118,755,000. Raymond James Financial Inc. purchased a new stake in Mondelez International in the fourth quarter worth approximately $256,832,000. Van ECK Associates Corp grew its position in 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 valued at $203,749,000 after acquiring an additional 3,282,937 shares during the last quarter. Invesco Ltd. grew its position in Mondelez International by 13.6% during the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock valued at $741,224,000 after acquiring an additional 1,483,270 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of Mondelez International by 331.9% during the fourth quarter. Bank of Nova Scotia now owns 1,394,430 shares of the company's stock worth $83,289,000 after acquiring an additional 1,071,596 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Piper Sandler raised their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Finally, Royal Bank of Canada dropped their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.80.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.84 during trading on Friday, hitting $67.32. 10,777,611 shares of the stock traded hands, compared to its average volume of 8,030,557. The company has a market capitalization of $87.08 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a 50-day simple moving average of $65.11 and a 200-day simple moving average of $64.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS 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 given 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 is currently 54.97%.

Mondelez International 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.