Townsquare Capital LLC Purchases 19,839 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Townsquare Capital LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 21.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,118 shares of the company's stock after purchasing an additional 19,839 shares during the quarter. Townsquare Capital LLC's holdings in Mondelez International were worth $6,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after acquiring an additional 931,776 shares during the period. Geode Capital Management LLC raised its position in Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after buying an additional 708,523 shares during the last quarter. Norges Bank acquired a new position in Mondelez International during the 4th quarter worth approximately $1,118,755,000. Massachusetts Financial Services Co. MA grew its stake in shares of Mondelez International by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after acquiring an additional 208,181 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Mondelez International by 13.6% in the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock worth $741,224,000 after purchasing an additional 1,483,270 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Up 1.3 %

NASDAQ:MDLZ traded up $0.84 during trading hours on Friday, hitting $67.32. 10,777,611 shares of the company traded hands, compared to its average volume of 8,030,557. 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 company has a market cap of $87.08 billion, a PE ratio of 19.68, a PEG ratio of 4.34 and a beta of 0.47. The firm's 50-day simple moving average is $65.11 and its 200-day simple moving average is $64.06.

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%. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.47 dividend. 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 54.97%.

Analysts Set New Price Targets

Several brokerages have issued reports on MDLZ. Piper Sandler lifted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. 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. Royal Bank of Canada reduced their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, Barclays decreased their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.80.

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.