BNP Paribas Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

BNP Paribas raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 130,359 shares of the company’s stock after buying an additional 10,162 shares during the quarter. BNP Paribas’ holdings in Mondelez International were worth $7,771,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Norges Bank bought a new position in Mondelez International in the fourth quarter worth about $1,118,755,000. Capital Research Global Investors grew its holdings in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Raymond James Financial Inc. bought a new position in shares of Mondelez International in the 4th quarter worth approximately $256,832,000. Van ECK Associates Corp lifted its stake in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after purchasing an additional 3,282,937 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Mondelez International by 13.6% during the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock valued at $741,224,000 after purchasing an additional 1,483,270 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.55.

Mondelez International Trading Down 0.2 %

NASDAQ:MDLZ opened at $67.75 on Friday. The company has a 50 day simple moving average of $66.14 and a two-hundred day simple moving average of $63.66. The company has a market cap of $87.64 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. 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 disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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.