Brooks Moore & Associates Inc. Has $1.42 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Brooks Moore & Associates Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,755 shares of the company’s stock after buying an additional 300 shares during the period. Brooks Moore & Associates Inc.’s holdings in Mondelez International were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd increased its position in shares of Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after purchasing an additional 74,975 shares during the period. Czech National Bank increased its holdings in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after buying an additional 17,815 shares during the period. Buckingham Capital Management Inc. increased its holdings in Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after buying an additional 18,961 shares during the period. Legacy Private Trust Co. raised its position in shares of Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after buying an additional 957 shares in the last quarter. Finally, Kennedy Investment Group bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $313,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDLZ shares. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Barclays lifted their target price on Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wells Fargo & Company raised 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 note 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 for the company. in a research report on Friday, February 7th. Finally, Piper Sandler raised their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. 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 MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $70.55.

Mondelez International Trading Up 0.1 %

MDLZ opened at $67.80 on Tuesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a fifty day moving average of $66.23 and a 200-day moving average of $63.59. The stock has a market cap of $87.70 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International’s payout ratio is 69.89%.

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.