Foster Group Inc. Buys 1,541 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Foster Group Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,416 shares of the company’s stock after purchasing an additional 1,541 shares during the quarter. Foster Group Inc.’s holdings in Mondelez International were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after buying an additional 931,776 shares during the last quarter. Capital Research Global Investors grew its holdings in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock worth $1,721,954,000 after purchasing an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after purchasing an additional 975,929 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International during the 4th quarter valued at $1,118,755,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDLZ. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Stifel Nicolaus lifted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley raised their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $66.37 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $85.94 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.48. The firm’s 50 day simple moving average is $66.46 and its 200-day simple moving average is $63.38. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the business earned $0.93 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be 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 is Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

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.