Lazard Freres Gestion S.A.S. Boosts Stake in Mondelez International, Inc. $MDLZ

Lazard Freres Gestion S.A.S. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 765,214 shares of the company’s stock after buying an additional 79,724 shares during the quarter. Lazard Freres Gestion S.A.S. owned about 0.06% of Mondelez International worth $47,802,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. increased its position in Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares in the last quarter. Enterprise Bank & Trust Co boosted its stake in shares of Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after purchasing an additional 170 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its stake in shares of Mondelez International by 0.6% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after purchasing an additional 172 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in shares of Mondelez International by 4.9% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after buying an additional 175 shares in the last quarter. Finally, RMR Wealth Builders raised its position in shares of Mondelez International by 3.6% in the second quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock valued at $343,000 after buying an additional 176 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDLZ. UBS Group decreased their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Barclays reduced their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.58.

Mondelez International Trading Down 1.8%

Shares of MDLZ opened at $53.83 on Friday. Mondelez International, Inc. has a twelve month low of $53.13 and a twelve month high of $71.15. The firm has a market capitalization of $69.46 billion, a P/E ratio of 20.16 and a beta of 0.39. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $55.95 and its 200 day simple moving average is $61.46.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.