Iowa State Bank Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Iowa State Bank lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,595 shares of the company’s stock after buying an additional 443 shares during the quarter. Iowa State Bank’s holdings in Mondelez International were worth $2,506,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Tyler Stone Wealth Management purchased a new stake in shares of Mondelez International in the second quarter valued at approximately $25,000. Retirement Group LLC purchased a new stake in Mondelez International during the fourth quarter worth $25,000. Carmel Capital Partners LLC purchased a new stake in Mondelez International during the third quarter worth $28,000. First Command Advisory Services Inc. purchased a new stake in Mondelez International during the third quarter worth $29,000. Finally, VitalStone Financial LLC boosted its position in Mondelez International by 1,553.8% during the second quarter. VitalStone Financial LLC now owns 430 shares of the company’s stock worth $30,000 after purchasing an additional 404 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.7 %

Shares of NASDAQ MDLZ traded down $0.50 on Tuesday, hitting $69.26. The company had a trading volume of 6,886,125 shares, compared to its average volume of 7,286,562. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59. The business has a 50 day moving average of $72.79 and a two-hundred day moving average of $70.75. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $94.26 billion, a P/E ratio of 19.08, a PEG ratio of 2.38 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZGet Free Report) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Wednesday, March 27th. Mondelez International’s payout ratio is 46.83%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays boosted their price target on Mondelez International from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. DA Davidson started coverage on Mondelez International in a report on Friday, December 8th. They issued a “buy” rating and a $83.00 price target for the company. Finally, Citigroup started coverage on Mondelez International in a report on Thursday, February 1st. They issued a “buy” rating and a $87.00 price target for the company. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.37.

View Our Latest Report on MDLZ

Mondelez International Company Profile

(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.

See Also

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

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