Mondelez International, Inc. (NASDAQ:MDLZ) Position Raised by Raymond James & Associates

Raymond James & Associates raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,620,094 shares of the company’s stock after purchasing an additional 75,539 shares during the quarter. Raymond James & Associates’ holdings in Mondelez International were worth $253,407,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MDLZ. Price T Rowe Associates Inc. MD lifted its stake in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after acquiring an additional 6,426,928 shares during the last quarter. Capital World Investors boosted its stake in shares of Mondelez International by 2.2% during the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after acquiring an additional 463,738 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Mondelez International by 1.8% in the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after acquiring an additional 303,965 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Mondelez International during the fourth quarter worth $1,231,413,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.3 %

MDLZ stock traded down $0.19 during mid-day trading on Friday, hitting $70.61. The stock had a trading volume of 7,145,125 shares, compared to its average volume of 9,491,838. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.59. The company has a fifty day moving average of $70.45 and a 200 day moving average of $70.72. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $95.07 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.46 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm 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 firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, equities analysts expect that Mondelez International, Inc. will post 3.52 EPS 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 paid a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. Mondelez International’s dividend payout ratio (DPR) is 46.83%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Stifel Nicolaus upped their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Barclays reduced their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price 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.