Kornitzer Capital Management Inc. KS Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Kornitzer Capital Management Inc. KS boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 51,941 shares of the company’s stock after purchasing an additional 2,093 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Mondelez International were worth $3,762,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. Tyler Stone Wealth Management purchased a new stake in shares of Mondelez International during the second quarter valued at approximately $25,000. Retirement Group LLC purchased a new position in shares of Mondelez International in the fourth quarter worth $25,000. Carmel Capital Partners LLC purchased a new stake in shares of Mondelez International during the third quarter valued at $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Mondelez International during the third quarter valued at $29,000. Finally, Orion Capital Management LLC bought a new stake in Mondelez International in the 3rd quarter worth about $35,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Citigroup cut their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Check Out Our Latest Stock Analysis on MDLZ

Mondelez International Stock Performance

MDLZ opened at $68.11 on Friday. The company has a 50 day simple moving average of $70.60 and a two-hundred day simple moving average of $70.46. 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 has a market cap of $91.71 billion, a P/E ratio of 18.76, a PEG ratio of 2.37 and a beta of 0.56. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.59.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the company earned $0.73 EPS. Mondelez International’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is 46.83%.

About Mondelez International

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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