Oakworth Capital Inc. Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Oakworth Capital Inc. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 29.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,393 shares of the company’s stock after buying an additional 545 shares during the quarter. Oakworth Capital Inc.’s holdings in Mondelez International were worth $173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fairfield Bush & CO. bought a new position in shares of Mondelez International during the first quarter valued at approximately $100,000. United Bank grew its stake in shares of Mondelez International by 4.6% during the first quarter. United Bank now owns 27,006 shares of the company’s stock valued at $1,695,000 after buying an additional 1,189 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Mondelez International by 4.0% during the first quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock valued at $1,782,000 after buying an additional 1,085 shares during the last quarter. Dakota Wealth Management bought a new position in Mondelez International in the first quarter worth approximately $561,000. Finally, Covestor Ltd grew its stake in Mondelez International by 69.0% in the first quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after purchasing an additional 518 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDLZ. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Citigroup dropped their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Barclays dropped their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Stifel Nicolaus increased their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $66.51 on Thursday. The firm has a market capitalization of $89.55 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 2.29 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The business has a fifty day moving average of $70.86 and a 200 day moving average of $70.47. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.56%. Mondelez International’s payout ratio is currently 46.83%.

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.