Orion Capital Management LLC Acquires Shares of 500 Mondelez International, Inc. (NASDAQ:MDLZ)

Orion Capital Management LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 500 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd lifted its holdings in Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock valued at $5,520,000 after purchasing an additional 74,975 shares in the last quarter. Buckingham Capital Management Inc. lifted its holdings in Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after purchasing an additional 18,961 shares in the last quarter. Kennedy Investment Group acquired a new stake in shares of Mondelez International in the 4th quarter worth $313,000. Rhumbline Advisers increased its stake in shares of Mondelez International by 1.4% in the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock worth $163,787,000 after acquiring an additional 37,897 shares during the last quarter. Finally, Amundi increased its stake in shares of Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company’s stock worth $166,507,000 after acquiring an additional 478,225 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent research reports. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Wells Fargo & Company raised their target price on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 2nd. Finally, Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $65.49 on Friday. The business has a 50-day moving average of $66.22 and a 200 day moving average of $63.32. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market capitalization of $84.80 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period last year, the business posted $0.93 EPS. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is 69.89%.

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.