First Trust Advisors LP Buys 2,483,972 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Trust Advisors LP grew its stake in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 152.3% during the fourth quarter, Holdings Channel reports. The firm owned 4,114,581 shares of the company’s stock after purchasing an additional 2,483,972 shares during the period. First Trust Advisors LP’s holdings in Mondelez International were worth $298,019,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MDLZ. Bogart Wealth LLC raised its stake in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the third quarter valued at $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at $29,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the third quarter valued at $35,000. Finally, Clear Investment Research LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at $38,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MDLZ shares. Wells Fargo & Company reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday. Sanford C. Bernstein lifted their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Barclays dropped 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. Finally, Evercore ISI dropped their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.39.

View Our Latest Report on Mondelez International

Mondelez International Trading Down 1.1 %

NASDAQ MDLZ traded down $0.76 on Wednesday, hitting $67.33. The company’s stock had a trading volume of 302,345 shares, compared to its average volume of 7,418,454. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The firm has a market cap of $90.31 billion, a P/E ratio of 21.62, a PEG ratio of 2.50 and a beta of 0.54. The company’s 50-day simple moving average is $69.28 and its 200 day simple moving average is $71.36. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. Research analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Mondelez International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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