18,075 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Cullen Investment Group LTD.

Cullen Investment Group LTD. acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, Holdings Channel reports. The fund acquired 18,075 shares of the company’s stock, valued at approximately $1,309,000.

Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Moneta Group Investment Advisors LLC boosted its position in shares of Mondelez International by 116,165.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after buying an additional 23,368,990 shares in the last quarter. Norges Bank acquired a new position in Mondelez International in the 4th quarter valued at about $981,319,000. Morgan Stanley raised its stake in Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after purchasing an additional 4,663,166 shares during the last quarter. Renaissance Technologies LLC raised its stake in Mondelez International by 759.1% in the 1st quarter. Renaissance Technologies LLC now owns 3,035,298 shares of the company’s stock valued at $190,556,000 after purchasing an additional 2,682,000 shares during the last quarter. Finally, Man Group plc raised its stake in Mondelez International by 122.6% in the 4th quarter. Man Group plc now owns 3,468,865 shares of the company’s stock valued at $231,200,000 after purchasing an additional 1,910,553 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Down 1.2 %

Shares of NASDAQ:MDLZ opened at $65.87 on Tuesday. 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, Inc. has a 1 year low of $60.75 and a 1 year high of $78.59. The stock has a market capitalization of $88.69 billion, a P/E ratio of 18.15, a PEG ratio of 2.32 and a beta of 0.56. The stock has a 50-day simple moving average of $71.21 and a 200-day simple moving average of $70.52.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is presently 46.83%.

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.