Kornitzer Capital Management Inc. KS Has $4.33 Million Holdings in Mondelez International, Inc. $MDLZ

Kornitzer Capital Management Inc. KS boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,152 shares of the company’s stock after buying an additional 639 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Mondelez International were worth $4,326,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MDLZ. Abound Financial LLC bought a new stake in shares of Mondelez International during the first quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International in the first quarter valued at about $26,000. North Capital Inc. acquired a new position in Mondelez International in the first quarter valued at about $31,000. Financial Connections Group Inc. acquired a new position in Mondelez International in the second quarter valued at about $33,000. Finally, Saudi Central Bank acquired a new position in Mondelez International in the first quarter valued at about $36,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $60.77 on Friday. The stock’s fifty day moving average price is $62.22 and its two-hundred day moving average price is $65.12. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a market cap of $78.63 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 5.44 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $7.30 billion for the quarter. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is 73.26%.

Analyst Ratings Changes

A number of research firms have issued reports on MDLZ. Wells Fargo & Company decreased their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Evercore ISI dropped their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. UBS Group dropped their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Finally, Morgan Stanley dropped their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

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.