Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Flossbach Von Storch AG

Flossbach Von Storch AG raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,961 shares of the company’s stock after purchasing an additional 157,157 shares during the period. Flossbach Von Storch AG owned about 0.06% of Mondelez International worth $62,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Tyler Stone Wealth Management purchased a new position in shares of Mondelez International in the 2nd quarter valued at about $25,000. Retirement Group LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $25,000. Carmel Capital Partners LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $29,000. Finally, Orion Capital Management LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $0.53 during midday trading on Wednesday, hitting $66.51. The company had a trading volume of 6,611,783 shares, compared to its average volume of 7,571,459. The company’s 50 day simple moving average is $70.86 and its 200 day simple moving average is $70.47. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The stock has a market cap of $89.55 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.29 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. Research analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. Mondelez International’s dividend payout ratio is currently 46.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Stifel Nicolaus raised their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.89.

About Mondelez International

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.