Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by RB Capital Management LLC

RB Capital Management LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,038 shares of the company’s stock after purchasing an additional 287 shares during the period. RB Capital Management LLC’s holdings in Mondelez International were worth $1,741,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in shares of Mondelez International by 48.8% in the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after buying an additional 1,623,588 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Mondelez International by 44.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after purchasing an additional 1,159,900 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at about $71,311,000. Envestnet Asset Management Inc. grew its stake in Mondelez International by 38.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after buying an additional 900,445 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in Mondelez International by 52.7% in the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock valued at $168,660,000 after buying an additional 838,651 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ traded down $1.25 on Wednesday, hitting $70.69. 11,091,274 shares of the company were exchanged, compared to its average volume of 7,960,757. The business’s fifty day moving average is $70.42 and its 200 day moving average is $70.87. The firm has a market capitalization of $95.18 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 15.91% and a net margin of 13.77%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. Mondelez International’s revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.51 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.40%. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

Analyst Upgrades and Downgrades

Several analysts recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Stifel Nicolaus lifted their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.06.

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.