Citizens Financial Group Inc. RI Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Citizens Financial Group Inc. RI raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,543 shares of the company’s stock after purchasing an additional 8,412 shares during the period. Citizens Financial Group Inc. RI’s holdings in Mondelez International were worth $5,616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carmel Capital Partners LLC purchased a new position in shares of Mondelez International in the third quarter worth about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the third quarter worth about $29,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the third quarter worth about $35,000. Legacy Financial Group LLC purchased a new position in shares of Mondelez International in the third quarter worth about $45,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Mondelez International in the third quarter worth about $56,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.3 %

Shares of MDLZ traded down $0.19 during trading on Friday, reaching $70.61. 7,145,125 shares of the company traded hands, compared to its average volume of 9,491,838. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59. The stock has a market cap of $95.07 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. The stock has a 50-day simple moving average of $70.45 and a 200-day simple moving average of $70.61. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of analyst reports. Barclays reduced their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Stifel Nicolaus lifted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International 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.