Deprince Race & Zollo Inc. Purchases 193,956 Shares of Mondelez International, Inc. $MDLZ

Deprince Race & Zollo Inc. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 70.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 469,058 shares of the company’s stock after acquiring an additional 193,956 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Mondelez International were worth $29,302,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC lifted its stake in Mondelez International by 60.3% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after purchasing an additional 196 shares during the last quarter. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Mondelez International in the third quarter worth approximately $209,000. Blue Trust Inc. lifted its stake in shares of Mondelez International by 3.4% during the 3rd quarter. Blue Trust Inc. now owns 42,589 shares of the company’s stock worth $2,661,000 after acquiring an additional 1,399 shares during the last quarter. Covea Finance lifted its stake in shares of Mondelez International by 5.5% during the 3rd quarter. Covea Finance now owns 192,420 shares of the company’s stock worth $12,020,000 after acquiring an additional 10,000 shares during the last quarter. Finally, CWM LLC boosted its holdings in Mondelez International by 16.5% during the 3rd quarter. CWM LLC now owns 164,518 shares of the company’s stock valued at $10,277,000 after acquiring an additional 23,271 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. UBS Group decreased their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Bank of America lowered their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Finally, Morgan Stanley decreased their price target on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.58.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $54.64 on Friday. The firm has a market cap of $70.51 billion, a price-to-earnings ratio of 20.46 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $53.13 and a 52-week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $56.55 and its 200 day moving average is $61.78.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion during the quarter. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s payout ratio is 74.91%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.