Fullerton Fund Management Co Ltd. Buys 1,108 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fullerton Fund Management Co Ltd. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,712 shares of the company’s stock after acquiring an additional 1,108 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in Mondelez International were worth $640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after buying an additional 74,975 shares in the last quarter. Czech National Bank boosted its stake in Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. grew its holdings in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after purchasing an additional 18,961 shares during the period. Kennedy Investment Group bought a new stake in Mondelez International in the fourth quarter valued at $313,000. Finally, Rhumbline Advisers raised its holdings in shares of Mondelez International by 1.4% during the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock valued at $163,787,000 after purchasing an additional 37,897 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Evercore ISI boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their target price on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $66.37 on Friday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm’s 50-day simple moving average is $66.41 and its two-hundred day simple moving average is $63.58. The firm has a market cap of $85.85 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 69.89%.

About Mondelez International

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.