Gilbert & Cook Inc. Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Gilbert & Cook Inc. decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,582 shares of the company’s stock after selling 569 shares during the period. Gilbert & Cook Inc.’s holdings in Mondelez International were worth $404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Canada Pension Plan Investment Board raised its stake in Mondelez International by 44.5% during the third quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after buying an additional 1,159,900 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Mondelez International by 38.1% during the third quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock valued at $226,531,000 after buying an additional 900,445 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in Mondelez International by 52.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock valued at $168,660,000 after buying an additional 838,651 shares in the last quarter. International Assets Investment Management LLC raised its stake in Mondelez International by 7,893.7% during the fourth quarter. International Assets Investment Management LLC now owns 760,922 shares of the company’s stock valued at $55,114,000 after buying an additional 751,403 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Mondelez International during the third quarter valued at approximately $46,776,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $68.53 on Monday. The business has a 50 day simple moving average of $69.39 and a 200 day simple moving average of $71.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The firm has a market capitalization of $91.92 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s payout ratio is currently 53.97%.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. Citigroup cut their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Sanford C. Bernstein increased their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Check Out Our Latest Report on Mondelez International

About Mondelez International

(Free Report)

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.

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

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