SageView Advisory Group LLC Purchases 1,267 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

SageView Advisory Group LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 31.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,351 shares of the company’s stock after buying an additional 1,267 shares during the quarter. SageView Advisory Group LLC’s holdings in Mondelez International were worth $320,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after acquiring an additional 931,776 shares during the period. Geode Capital Management LLC grew its stake in shares of Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the last quarter. Norges Bank acquired a new stake in Mondelez International in the fourth quarter valued at $1,118,755,000. Massachusetts Financial Services Co. MA raised its position in 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 purchasing an additional 208,181 shares during the last quarter. Finally, Invesco Ltd. raised its position in Mondelez International by 13.6% during the 4th 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 during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDLZ. JPMorgan Chase & Co. increased their price target on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.50.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $67.03 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $64.78 and a two-hundred day simple moving average of $64.08. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market capitalization of $86.70 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) 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%. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 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.