Wedge Capital Management L L P NC Purchases Shares of 3,354 Mondelez International, Inc. (NASDAQ:MDLZ)

Wedge Capital Management L L P NC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,354 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC bought a new stake in Mondelez International in the 4th quarter valued at $26,000. Orion Capital Management LLC bought a new stake in Mondelez International in the fourth quarter valued at about $30,000. Transce3nd LLC acquired a new position in Mondelez International in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter worth about $31,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of several analyst reports. Barclays upped their price objective on Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. UBS Group upped their price target on 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 report on Wednesday, April 30th. Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.11.

Mondelez International Price Performance

Shares of MDLZ stock opened at $66.95 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a fifty day moving average of $66.44 and a 200-day moving average of $63.45. The firm has a market capitalization of $86.69 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, June 30th. Mondelez International’s payout ratio is presently 69.89%.

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.