14,411 Shares in Mondelez International, Inc. $MDLZ Acquired by Davis Capital Management

Davis Capital Management acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, HoldingsChannel reports. The fund acquired 14,411 shares of the company’s stock, valued at approximately $900,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Mondelez International by 14.6% in the 1st quarter. Alliancebernstein L.P. now owns 1,556,035 shares of the company’s stock valued at $105,577,000 after purchasing an additional 198,270 shares during the period. Clark Capital Management Group Inc. grew its position in shares of Mondelez International by 4.5% during the 1st quarter. Clark Capital Management Group Inc. now owns 6,214 shares of the company’s stock worth $422,000 after purchasing an additional 267 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of Mondelez International by 3.5% during the first quarter. Hancock Whitney Corp now owns 6,203 shares of the company’s stock worth $421,000 after purchasing an additional 208 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Mondelez International by 11.3% during the first quarter. Integrated Wealth Concepts LLC now owns 43,963 shares of the company’s stock worth $2,983,000 after purchasing an additional 4,469 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays cut their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. DA Davidson cut their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Bank of America decreased their price target on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Stifel Nicolaus dropped their price target on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, Wall Street Zen downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.58.

Mondelez International Stock Performance

Mondelez International stock opened at $53.65 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market cap of $69.23 billion, a PE ratio of 20.09 and a beta of 0.39. Mondelez International, Inc. has a 12-month low of $53.13 and a 12-month high of $71.15. The business’s 50-day moving average price is $55.81 and its two-hundred day moving average price is $61.33.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be given a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is currently 74.91%.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.