J.W. Cole Advisors Inc. Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

J.W. Cole Advisors Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,137 shares of the company’s stock after buying an additional 443 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Mondelez International were worth $662,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp increased its holdings in Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after buying an additional 303,965 shares during the period. Bank of New York Mellon Corp increased its holdings in Mondelez International by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 11,872,797 shares of the company’s stock valued at $823,972,000 after buying an additional 65,976 shares during the period. Invesco Ltd. increased its holdings in Mondelez International by 9.2% during the third quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock valued at $535,893,000 after buying an additional 648,270 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mondelez International by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,271,547 shares of the company’s stock valued at $504,645,000 after buying an additional 69,381 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Mondelez International by 2.9% during the third quarter. California Public Employees Retirement System now owns 5,784,817 shares of the company’s stock valued at $401,466,000 after buying an additional 163,185 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 1.9 %

MDLZ opened at $69.41 on Tuesday. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The company has a fifty day moving average of $70.52 and a two-hundred day moving average of $70.51. The stock has a market capitalization of $93.46 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.37 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.45%. Mondelez International’s payout ratio is 46.83%.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. Barclays lowered their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Citigroup lowered their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

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.