Intact Investment Management Inc. Buys 56,500 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Intact Investment Management Inc. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 49.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 170,400 shares of the company’s stock after purchasing an additional 56,500 shares during the period. Intact Investment Management Inc.’s holdings in Mondelez International were worth $11,562,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Transce3nd LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $31,000. Finally, Coppell Advisory Solutions LLC raised its position in shares of Mondelez International by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company’s stock valued at $32,000 after buying an additional 216 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $68.31 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market cap of $88.45 billion, a PE ratio of 25.39, a PEG ratio of 5.29 and a beta of 0.48. The firm’s fifty day moving average price is $66.66 and its two-hundred day moving average price is $63.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $68.00 to $78.00 in a research report on Friday. UBS Group lifted their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. DA Davidson downgraded shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $70.63.

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.