Compagnie Lombard Odier SCmA Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Compagnie Lombard Odier SCmA boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 975,139 shares of the company’s stock after buying an additional 112,735 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.08% of Mondelez International worth $66,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. May Barnhard Investments LLC bought a new stake in Mondelez International in the 1st quarter worth approximately $225,000. Union Bancaire Privee UBP SA boosted its position in shares of Mondelez International by 131.6% during the 1st quarter. Union Bancaire Privee UBP SA now owns 4,400 shares of the company’s stock valued at $278,000 after acquiring an additional 2,500 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in shares of Mondelez International by 31.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 17,960 shares of the company’s stock valued at $1,219,000 after purchasing an additional 4,274 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Mondelez International by 20.8% in the first quarter. Simon Quick Advisors LLC now owns 10,005 shares of the company’s stock valued at $679,000 after purchasing an additional 1,721 shares in the last quarter. Finally, Flywheel Private Wealth LLC bought a new stake in Mondelez International in the first quarter worth $206,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. Barclays upped their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus upped their price objective on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

Mondelez International Price Performance

Shares of MDLZ stock opened at $66.95 on Thursday. The stock has a 50 day moving average price of $66.44 and a 200 day moving average price of $63.45. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market capitalization of $86.69 billion, a P/E ratio of 19.58, a P/E/G ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $9.37 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio is presently 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.