Mondelez International, Inc. (NASDAQ:MDLZ) Stake Raised by Fayez Sarofim & Co

Fayez Sarofim & Co raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,519,695 shares of the company’s stock after acquiring an additional 736,897 shares during the quarter. Fayez Sarofim & Co’s holdings in Mondelez International were worth $269,961,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MDLZ. OneDigital Investment Advisors LLC grew its stake in Mondelez International by 3.2% in the fourth quarter. OneDigital Investment Advisors LLC now owns 21,070 shares of the company’s stock valued at $1,259,000 after purchasing an additional 654 shares in the last quarter. Stifel Financial Corp raised its position in Mondelez International by 11.6% during the fourth quarter. Stifel Financial Corp now owns 1,276,951 shares of the company’s stock valued at $76,274,000 after acquiring an additional 132,749 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in Mondelez International by 3.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 606,299 shares of the company’s stock valued at $36,214,000 after acquiring an additional 20,555 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Mondelez International by 101.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 132,559 shares of the company’s stock worth $7,918,000 after acquiring an additional 66,645 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Mondelez International during the 4th quarter worth $30,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 1.3 %

MDLZ stock opened at $67.32 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $87.08 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 4.34 and a beta of 0.47. The business has a fifty day moving average price of $65.25 and a 200 day moving average price of $63.91. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.79%. Mondelez International’s dividend payout ratio is currently 54.97%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MDLZ shares. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Mizuho raised their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut their target price 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, The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” 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 assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.80.

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.