Tyche Wealth Partners LLC Buys New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Tyche Wealth Partners LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,229 shares of the company’s stock, valued at approximately $596,000.

Other large investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in shares of Mondelez International by 116,165.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock valued at $1,558,884,000 after acquiring an additional 23,368,990 shares in the last quarter. Morgan Stanley increased its position in shares of Mondelez International by 25.8% during 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. Northern Trust Corp raised its stake in shares of Mondelez International by 1.8% during the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after purchasing an additional 303,965 shares during the period. Norges Bank bought a new stake in shares of Mondelez International during the 4th quarter worth $981,319,000. Finally, Bank of New York Mellon Corp grew its position in Mondelez International by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 11,872,797 shares of the company’s stock valued at $823,972,000 after buying an additional 65,976 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup decreased their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Stifel Nicolaus upped their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays cut their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Trading Up 0.5 %

Shares of MDLZ traded up $0.36 during trading hours on Wednesday, hitting $66.34. The company had a trading volume of 390,043 shares, compared to its average volume of 7,483,707. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $71.02 and its 200 day moving average price is $70.50. The firm has a market cap of $89.33 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.29 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. During the same quarter in the previous year, the company posted $0.73 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. On average, research analysts predict that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is 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.