Addenda Capital Inc. Buys 4,706 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Addenda Capital Inc. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,486 shares of the company’s stock after acquiring an additional 4,706 shares during the period. Addenda Capital Inc.’s holdings in Mondelez International were worth $6,648,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after acquiring an additional 1,686,229 shares during the last quarter. Capital Research Global Investors raised its position in Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. Capital World Investors raised its position in Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after purchasing an additional 463,738 shares during the period. Norges Bank purchased a new stake in Mondelez International in the 4th quarter worth about $1,231,413,000. Finally, Vontobel Asset Management Inc. raised its position in Mondelez International by 5.0% in the 4th quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company’s stock worth $753,108,000 after purchasing an additional 474,539 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MDLZ shares. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Barclays reduced their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Sanford C. Bernstein raised their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Stock Down 1.7 %

MDLZ stock traded down $1.16 during trading on Friday, hitting $65.44. 10,899,636 shares of the company’s stock traded hands, compared to its average volume of 7,325,450. The firm has a market capitalization of $87.78 billion, a P/E ratio of 20.77, a PEG ratio of 2.56 and a beta of 0.54. The business has a fifty day simple moving average of $68.89 and a two-hundred day simple moving average of $70.81. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.89 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.60%. Mondelez International’s dividend payout ratio (DPR) 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.