Fullerton Fund Management Co Ltd. Purchases 1,108 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fullerton Fund Management Co Ltd. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,712 shares of the company’s stock after acquiring an additional 1,108 shares during the period. Fullerton Fund Management Co Ltd.’s holdings in Mondelez International were worth $640,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MDLZ. Ellevest Inc. boosted its position in Mondelez International by 46.0% during the fourth quarter. Ellevest Inc. now owns 11,804 shares of the company’s stock worth $705,000 after purchasing an additional 3,718 shares during the period. Ethic Inc. boosted its holdings in shares of Mondelez International by 29.2% during the 4th quarter. Ethic Inc. now owns 176,614 shares of the company’s stock worth $10,549,000 after buying an additional 39,921 shares during the period. Fiduciary Trust Co grew its stake in Mondelez International by 5.6% in the 4th quarter. Fiduciary Trust Co now owns 29,001 shares of the company’s stock valued at $1,732,000 after buying an additional 1,540 shares during the last quarter. FORA Capital LLC bought a new position in Mondelez International in the 4th quarter valued at about $6,685,000. Finally, Deutsche Bank AG lifted its position in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.37 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market cap of $85.85 billion, a PE ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm’s fifty day moving average price is $66.41 and its two-hundred day moving average price is $63.58.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.83%. The ex-dividend date was Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 69.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Evercore ISI upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Barclays lifted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $70.55.

About Mondelez International

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.