Procyon Advisors LLC Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Procyon Advisors LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,528 shares of the company’s stock after buying an additional 963 shares during the quarter. Procyon Advisors LLC’s holdings in Mondelez International were worth $3,660,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Mondelez International by 1.8% in the second quarter. BlackRock Inc. now owns 100,338,497 shares of the company’s stock valued at $7,318,690,000 after purchasing an additional 1,785,306 shares in the last quarter. State Street Corp lifted its position in Mondelez International by 0.7% during the second quarter. State Street Corp now owns 59,520,732 shares of the company’s stock valued at $4,364,084,000 after purchasing an additional 401,413 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Mondelez International by 116,165.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after buying an additional 23,368,990 shares in the last quarter. Morgan Stanley increased its holdings in shares of Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock worth $1,516,305,000 after buying an additional 4,663,166 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of 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 buying an additional 303,965 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stifel Nicolaus lifted their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. decreased their price target on Mondelez International from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, November 29th. Barclays lifted their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. DA Davidson initiated coverage on shares of Mondelez International in a research note on Friday, December 8th. They issued a “buy” rating and a $83.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.37.

Mondelez International Stock Up 0.3 %

Shares of MDLZ stock traded up $0.22 during mid-day trading on Thursday, hitting $70.32. The stock had a trading volume of 707,973 shares, compared to its average volume of 7,119,291. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The firm’s 50-day moving average is $73.03 and its two-hundred day moving average is $70.80. The firm has a market capitalization of $95.70 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 2.38 and a beta of 0.57.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.425 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.42%. Mondelez International’s dividend payout ratio is presently 46.83%.

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.