Treasurer of the State of North Carolina Buys 7,370 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Treasurer of the State of North Carolina grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 609,524 shares of the company's stock after purchasing an additional 7,370 shares during the period. Treasurer of the State of North Carolina's holdings in Mondelez International were worth $36,407,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Continuum Advisory LLC increased its holdings in shares of Mondelez International by 7.4% in the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock worth $187,000 after purchasing an additional 175 shares during the period. First Horizon Advisors Inc. lifted its position in Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares during the last quarter. Traphagen Investment Advisors LLC grew its stake in Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after buying an additional 187 shares in the last quarter. Core Alternative Capital raised its position in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after buying an additional 187 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its position in Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock worth $1,164,000 after acquiring an additional 191 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley began coverage on Mondelez International in a research note on Monday, March 24th. They set an "overweight" rating and a $69.00 price target for the company. 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. 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. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Finally, Argus cut Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.50.

Mondelez International Stock Up 1.9 %

MDLZ stock traded up $1.25 during midday trading on Monday, hitting $68.30. The company's stock had a trading volume of 6,728,355 shares, compared to its average volume of 8,043,676. The company has a market cap of $88.35 billion, a PE ratio of 19.97, a P/E/G ratio of 4.34 and a beta of 0.47. The firm's 50-day moving average is $64.38 and its 200-day moving average is $64.10. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is 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.