Delta Investment Management LLC Increases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Delta Investment Management LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,275 shares of the company’s stock after buying an additional 642 shares during the quarter. Delta Investment Management LLC’s holdings in Mondelez International were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its holdings in Mondelez International by 48.8% in the third quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after purchasing an additional 1,623,588 shares during the period. Canada Pension Plan Investment Board grew its holdings in Mondelez International by 44.5% in the third quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock worth $261,370,000 after purchasing an additional 1,159,900 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Mondelez International in the third quarter worth about $71,311,000. Envestnet Asset Management Inc. grew its holdings in Mondelez International by 38.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after purchasing an additional 900,445 shares during the period. Finally, Burgundy Asset Management Ltd. grew its holdings in Mondelez International by 52.7% in the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock worth $168,660,000 after purchasing an additional 838,651 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ traded down $0.19 during midday trading on Friday, hitting $70.61. 7,145,125 shares of the company traded hands, compared to its average volume of 9,491,838. The firm has a 50 day moving average of $70.45 and a 200-day moving average of $70.61. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59. The stock has a market cap of $95.07 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.46 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

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

Mondelez International Announces Dividend

The firm also recently declared 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 payout ratio is 46.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Barclays cut their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.