Burgundy Asset Management Ltd. Has $197.30 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Burgundy Asset Management Ltd. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,303,185 shares of the company’s stock after acquiring an additional 114,712 shares during the period. Mondelez International comprises about 2.0% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 12th largest holding. Burgundy Asset Management Ltd.’s holdings in Mondelez International were worth $197,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Ameritas Advisory Services LLC lifted its holdings in shares of Mondelez International by 56.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 4,903 shares of the company’s stock valued at $293,000 after purchasing an additional 1,771 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at about $229,000. Simon Quick Advisors LLC lifted its holdings in shares of Mondelez International by 12.8% in the fourth quarter. Simon Quick Advisors LLC now owns 8,284 shares of the company’s stock valued at $495,000 after purchasing an additional 939 shares in the last quarter. Advisory Alpha LLC lifted its holdings in shares of Mondelez International by 12.5% in the fourth quarter. Advisory Alpha LLC now owns 9,957 shares of the company’s stock valued at $595,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International in the fourth quarter valued at about $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $65.49 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $66.22 and its two-hundred day moving average price is $63.32. The firm has a market capitalization of $84.80 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Monday, June 30th. Mondelez International’s payout ratio is 69.89%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research reports. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Piper Sandler upped their target price on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.