HCR Wealth Advisors Boosts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

HCR Wealth Advisors grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,802 shares of the company’s stock after buying an additional 470 shares during the quarter. HCR Wealth Advisors’ holdings in Mondelez International were worth $275,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Northern Trust Corp increased its holdings in Mondelez International by 1.8% during the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after acquiring an additional 303,965 shares in the last quarter. Norges Bank purchased a new stake in Mondelez International in the 4th quarter valued at approximately $1,231,413,000. Invesco Ltd. grew its holdings in Mondelez International by 9.2% during the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock valued at $535,893,000 after buying an additional 648,270 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mondelez International by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,495,895 shares of the company’s stock worth $542,922,000 after buying an additional 396,849 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Mondelez International by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,399,451 shares of the company’s stock worth $535,942,000 after acquiring an additional 127,904 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on MDLZ shares. Barclays dropped their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Sanford C. Bernstein raised their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Trading Down 0.8 %

Shares of Mondelez International stock traded down $0.55 during trading hours on Friday, reaching $68.30. The stock had a trading volume of 3,723,574 shares, compared to its average volume of 6,363,477. The firm has a market capitalization of $91.61 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 2.55 and a beta of 0.55. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $69.81 and a two-hundred day simple moving average of $71.42.

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. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.49%. Mondelez International’s payout ratio is 53.97%.

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.