Norinchukin Bank The Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Norinchukin Bank The grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,251 shares of the company’s stock after acquiring an additional 4,516 shares during the period. Norinchukin Bank The’s holdings in Mondelez International were worth $7,682,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Mondelez International during the fourth quarter worth $850,633,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Mondelez International by 775.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,519,703 shares of the company’s stock worth $88,857,000 after buying an additional 1,346,093 shares in the last quarter. Morgan Stanley boosted its holdings in Mondelez International by 11.5% during the fourth quarter. Morgan Stanley now owns 11,970,004 shares of the company’s stock worth $699,886,000 after buying an additional 1,234,383 shares in the last quarter. FMR LLC boosted its holdings in Mondelez International by 6.3% during the fourth quarter. FMR LLC now owns 18,984,974 shares of the company’s stock worth $1,110,051,000 after buying an additional 1,123,110 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Mondelez International by 50.6% during the first quarter. KBC Group NV now owns 2,760,180 shares of the company’s stock worth $161,553,000 after buying an additional 927,404 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on MDLZ shares. Morgan Stanley increased their price target on shares of Mondelez International from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Credit Suisse Group increased their price target on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Jefferies Financial Group increased their price target on shares of Mondelez International from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Royal Bank of Canada upped their price objective on shares of Mondelez International from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $65.13.

Shares of NASDAQ MDLZ opened at $63.63 on Friday. The firm has a 50-day simple moving average of $61.28. The firm has a market capitalization of $89.38 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.61 and a quick ratio of 0.43. Mondelez International, Inc. has a 52 week low of $49.92 and a 52 week high of $64.37.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 27th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.08. The business had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7 billion. Mondelez International had a net margin of 13.94% and a return on equity of 14.37%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 2.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 14th. Investors of record on Wednesday, June 30th will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, June 29th. Mondelez International’s payout ratio is currently 48.65%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Read More: What are the most popular ETFs

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).

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

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.