Driehaus Capital Management LLC Has $347,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Driehaus Capital Management LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 31.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,809 shares of the company’s stock after selling 2,703 shares during the quarter. Driehaus Capital Management LLC’s holdings in Mondelez International were worth $347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in shares of Mondelez International by 5.6% in the third quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company’s stock valued at $115,446,000 after buying an additional 82,742 shares in the last quarter. ORG Partners LLC grew its position in shares of Mondelez International by 38.4% in the 4th quarter. ORG Partners LLC now owns 2,382 shares of the company’s stock valued at $142,000 after acquiring an additional 661 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Mondelez International by 0.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 494,282 shares of the company’s stock worth $29,523,000 after purchasing an additional 4,423 shares during the last quarter. ST Germain D J Co. Inc. raised its holdings in shares of Mondelez International by 9.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 2,862 shares of the company’s stock valued at $171,000 after purchasing an additional 250 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Mondelez International by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 20,258 shares of the company’s stock valued at $1,210,000 after purchasing an additional 496 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MDLZ. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. DA Davidson downgraded Mondelez International from a “buy” rating to a “neutral” rating and raised their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Finally, Evercore ISI lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. 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 company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $70.55.

Mondelez International Trading Down 1.3 %

Shares of Mondelez International stock opened at $66.37 on Friday. The firm’s 50-day moving average price is $66.41 and its two-hundred day moving average price is $63.53. The company has a market capitalization of $85.94 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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

Mondelez International Dividend Announcement

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

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.