Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Park National Corp OH

Park National Corp OH boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,992 shares of the company’s stock after acquiring an additional 250 shares during the period. Park National Corp OH’s holdings in Mondelez International were worth $559,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. DekaBank Deutsche Girozentrale lifted its stake in Mondelez International by 5.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after purchasing an additional 120,665 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Mondelez International in the fourth quarter valued at $1,650,000. SageView Advisory Group LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at $907,000. AGF Management Ltd. raised its stake in shares of Mondelez International by 32.9% in the fourth quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after acquiring an additional 429,936 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its stake in shares of Mondelez International by 4.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,713 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDLZ. Citigroup dropped their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. TD Cowen dropped their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Barclays dropped their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Sanford C. Bernstein raised their price objective on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Trading Up 0.1 %

MDLZ traded up $0.09 during trading on Tuesday, hitting $66.17. The company’s stock had a trading volume of 1,550,612 shares, compared to its average volume of 7,273,491. The firm’s 50 day moving average price is $68.92 and its 200-day moving average price is $71.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The stock has a market cap of $88.76 billion, a PE ratio of 21.04, a PEG ratio of 2.53 and a beta of 0.55. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. On average, analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.57%. Mondelez International’s payout ratio is 53.97%.

Mondelez International Company 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.