Davis Capital Management Takes Position in Mondelez International, Inc. $MDLZ

Davis Capital Management acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,411 shares of the company’s stock, valued at approximately $900,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. AlphaStar Capital Management LLC bought a new position in shares of Mondelez International during the 2nd quarter worth approximately $1,336,000. GAMMA Investing LLC grew its position in Mondelez International by 43.2% in the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after purchasing an additional 7,914 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in Mondelez International by 70.5% in the third quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after purchasing an additional 193,956 shares in the last quarter. Confluence Investment Management LLC increased its stake in Mondelez International by 324.5% in the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after buying an additional 1,699,980 shares during the last quarter. Finally, Addenda Capital Inc. lifted its position in Mondelez International by 45.6% during the 3rd quarter. Addenda Capital Inc. now owns 168,286 shares of the company’s stock worth $10,584,000 after buying an additional 52,727 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.3%

MDLZ stock opened at $53.65 on Friday. Mondelez International, Inc. has a 1-year low of $53.13 and a 1-year high of $71.15. The business’s 50 day simple moving average is $55.81 and its 200 day simple moving average is $61.33. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $69.23 billion, a PE ratio of 20.09 and a beta of 0.39.

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

Mondelez International Dividend Announcement

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

Analyst Ratings Changes

MDLZ has been the topic of a number of recent research reports. Barclays lowered their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Sanford C. Bernstein lowered their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Zacks Research downgraded Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Stifel Nicolaus decreased their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.58.

Mondelez International Profile

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.