Hartford Funds Management Co LLC Has $423,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Hartford Funds Management Co LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 39.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,839 shares of the company’s stock after buying an additional 1,644 shares during the period. Hartford Funds Management Co LLC’s holdings in Mondelez International were worth $423,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MDLZ. DekaBank Deutsche Girozentrale increased its stake in Mondelez International by 5.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after acquiring an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $1,650,000. Signature Estate & Investment Advisors LLC raised its holdings in shares of Mondelez International by 4.7% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after buying an additional 1,713 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Mondelez International by 1.1% during the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock worth $422,468,000 after buying an additional 62,595 shares during the period. Finally, HS Management Partners LLC boosted its stake in Mondelez International by 8.3% in the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock valued at $121,036,000 after buying an additional 128,490 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDLZ. Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Stifel Nicolaus increased 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. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.50.

Mondelez International Trading Up 0.2 %

NASDAQ MDLZ traded up $0.11 during trading hours on Tuesday, hitting $71.94. The company’s stock had a trading volume of 11,057,898 shares, compared to its average volume of 7,955,643. The stock has a fifty day moving average of $70.42 and a 200 day moving average of $70.87. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.54. The firm has a market capitalization of $96.87 billion, a P/E ratio of 19.82, a PEG ratio of 2.46 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.89 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.36%. Mondelez International’s dividend payout ratio is 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.