Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Fayez Sarofim & Co

Fayez Sarofim & Co increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,519,695 shares of the company’s stock after acquiring an additional 736,897 shares during the period. Fayez Sarofim & Co owned approximately 0.34% of Mondelez International worth $269,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Investment Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $27,000. Transce3nd LLC acquired a new position in Mondelez International during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the 4th quarter worth $31,000. Finally, Sierra Ocean LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of several recent research reports. UBS Group lifted their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company upped their price target on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $70.80.

Mondelez International Stock Up 1.3 %

Mondelez International stock opened at $67.32 on Monday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $87.08 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 4.34 and a beta of 0.47. The company’s 50-day moving average price is $65.25 and its two-hundred day moving average price is $63.91. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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.