Tokio Marine Asset Management Co. Ltd. Grows Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Tokio Marine Asset Management Co. Ltd. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,854 shares of the company’s stock after buying an additional 1,967 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Mondelez International were worth $11,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in Mondelez International in the 3rd quarter valued at about $29,000. Orion Capital Management LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $35,000. Impact Partnership Wealth LLC raised its stake in Mondelez International by 1,865.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 597 shares during the last quarter. Finally, Legacy Financial Group LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on MDLZ. Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Stifel Nicolaus increased their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Up 0.8 %

NASDAQ MDLZ traded up $0.56 on Wednesday, reaching $71.31. The company had a trading volume of 16,596,730 shares, compared to its average volume of 7,885,034. The firm has a market capitalization of $96.02 billion, a PE ratio of 19.64, a P/E/G ratio of 2.41 and a beta of 0.56. 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 50-day moving average of $70.50 and a 200-day moving average of $70.56. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.59.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

Mondelez International 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.