TCW Group Inc. Buys Shares of 71,134 Mondelez International, Inc. (NASDAQ:MDLZ)

TCW Group Inc. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 71,134 shares of the company’s stock, valued at approximately $5,149,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC boosted its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth $29,000. First Command Advisory Services Inc. acquired a new position in shares of Mondelez International in the 3rd quarter valued at approximately $29,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the 3rd quarter valued at $35,000. Finally, Private Wealth Management Group LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $54,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Barclays decreased their target price 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. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Sanford C. Bernstein increased 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. Finally, Citigroup reduced their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Down 0.8 %

Shares of MDLZ stock traded down $0.55 during mid-day trading on Friday, hitting $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 P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The firm’s 50-day moving average is $69.81 and its two-hundred day moving average is $71.42.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.49%. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

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.