Tower Research Capital LLC TRC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Tower Research Capital LLC TRC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 101.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,559 shares of the company's stock after buying an additional 66,645 shares during the period. Tower Research Capital LLC TRC's holdings in Mondelez International were worth $7,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diamant Asset Management Inc. increased its position in shares of Mondelez International by 27.6% during the third quarter. Diamant Asset Management Inc. now owns 3,978 shares of the company's stock valued at $293,000 after buying an additional 860 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Mondelez International by 13.6% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,088 shares of the company's stock worth $1,042,000 after acquiring an additional 1,686 shares during the period. Arvest Bank Trust Division purchased a new position in shares of Mondelez International in the 3rd quarter valued at approximately $14,578,000. Wilmington Savings Fund Society FSB raised its holdings in Mondelez International by 489.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 104,764 shares of the company's stock worth $7,718,000 after purchasing an additional 86,981 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Mondelez International by 6.5% during the 3rd quarter. Tidal Investments LLC now owns 97,883 shares of the company's stock valued at $7,211,000 after buying an additional 5,944 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Citigroup dropped their price target 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. Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company increased their target price on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and a consensus target price of $70.05.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.86 during midday trading on Wednesday, hitting $67.43. 6,369,468 shares of the stock traded hands, compared to its average volume of 7,961,435. The firm has a market capitalization of $87.23 billion, a P/E ratio of 19.72, a PEG ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a 50-day moving average of $65.67 and a two-hundred day moving average of $63.94.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's payout ratio is 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.