Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by CORDA Investment Management LLC.

CORDA Investment Management LLC. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the first quarter, HoldingsChannel reports. The firm owned 573,612 shares of the company’s stock after purchasing an additional 8,456 shares during the quarter. Mondelez International comprises approximately 3.1% of CORDA Investment Management LLC.’s portfolio, making the stock its 11th biggest holding. CORDA Investment Management LLC.’s holdings in Mondelez International were worth $38,920,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the period. Capital Research Global Investors grew its holdings in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Geode Capital Management LLC grew its holdings in Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the period. Ameriprise Financial Inc. grew its holdings in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the period. Finally, Norges Bank acquired a new position in Mondelez International during the fourth quarter worth $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.9%

MDLZ opened at $68.19 on Wednesday. The business’s fifty day moving average is $67.04 and its two-hundred day moving average is $64.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market cap of $88.29 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 5.33 and a beta of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued 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 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.76%. Mondelez International’s dividend payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent analyst reports. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Morgan Stanley upped their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Wells Fargo & Company raised Mondelez International from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. upped their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.63.

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.