Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC grew its holdings in 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 firm 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 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Handelsinvest Investeringsforvaltning acquired a new position in Mondelez International during the fourth quarter worth $1,650,000. Graham Capital Management L.P. acquired a new position in Mondelez International during the second quarter worth $1,538,000. First Foundation Advisors raised its holdings in Mondelez International by 1.2% during the second quarter. First Foundation Advisors now owns 16,136 shares of the company’s stock worth $1,177,000 after purchasing an additional 193 shares during the last quarter. HS Management Partners LLC raised its holdings in Mondelez International by 8.3% during the fourth quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock worth $121,036,000 after purchasing an additional 128,490 shares during the last quarter. Finally, Hook Mill Capital Partners LP raised its holdings in Mondelez International by 33.7% during the second quarter. Hook Mill Capital Partners LP now owns 94,257 shares of the company’s stock worth $6,875,000 after purchasing an additional 23,734 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. DA Davidson began coverage on Mondelez International in a research report on Friday, December 8th. They set a “buy” rating and a $83.00 price target for the company. Finally, Citigroup began coverage on Mondelez International in a research note on Thursday, February 1st. They set a “buy” rating and a $87.00 price objective on the stock. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $81.37.

Mondelez International Stock Up 0.3 %

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

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Mondelez International’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

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

About Mondelez International

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.