Hexagon Capital Partners LLC Buys 466 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Hexagon Capital Partners LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 31.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,955 shares of the company’s stock after purchasing an additional 466 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Mondelez International were worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Mondelez International by 48.8% in the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after buying an additional 1,623,588 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Mondelez International by 44.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock worth $261,370,000 after buying an additional 1,159,900 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth about $71,311,000. Envestnet Asset Management Inc. increased its holdings in shares of Mondelez International by 38.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after buying an additional 900,445 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Mondelez International by 52.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock worth $168,660,000 after buying an additional 838,651 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 1.7 %

NASDAQ:MDLZ opened at $70.69 on Thursday. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market cap of $95.18 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.50 and a beta of 0.55. The firm has a 50-day simple moving average of $70.36 and a 200-day simple moving average of $70.87.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Mondelez International, Inc. will post 3.51 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.40%. Mondelez International’s dividend payout ratio is currently 53.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MDLZ shares. Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Citigroup dropped their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $80.75.

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.