CANADA LIFE ASSURANCE Co Buys 71,242 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CANADA LIFE ASSURANCE Co increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,493,460 shares of the company’s stock after acquiring an additional 71,242 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Mondelez International were worth $89,154,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Glass Jacobson Investment Advisors llc raised its stake in shares of Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock valued at $160,000 after purchasing an additional 168 shares during the period. First Horizon Advisors Inc. lifted its stake in Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after acquiring an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC boosted its position in Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock worth $1,411,000 after acquiring an additional 187 shares during the last quarter. Core Alternative Capital grew its stake in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock worth $684,000 after acquiring an additional 187 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its holdings in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock valued at $1,164,000 after purchasing an additional 191 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MDLZ shares. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Citigroup reduced their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Mizuho lifted their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Barclays lowered their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.80.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $67.32 on Friday. The stock has a 50 day simple moving average of $65.11 and a 200 day simple moving average of $64.06. The stock has a market cap of $87.08 billion, a P/E ratio of 19.68, a PEG ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.79%. Mondelez International’s dividend payout ratio is presently 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.