Tokio Marine Asset Management Co. Ltd. Acquires 1,967 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,854 shares of the company’s stock after buying an additional 1,967 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Mondelez International were worth $11,071,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC bought a new position in Mondelez International in the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. bought a new position in Mondelez International in the 3rd quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in Mondelez International in the 3rd quarter worth approximately $35,000. Impact Partnership Wealth LLC grew its holdings in shares of Mondelez International by 1,865.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 597 shares in the last quarter. Finally, Legacy Financial Group LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $45,000. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus lifted their price objective 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 objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup cut their price objective 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. Finally, JPMorgan Chase & Co. cut their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Trading Up 0.8 %

NASDAQ MDLZ traded up $0.56 on Wednesday, reaching $71.31. The company had a trading volume of 16,596,730 shares, compared to its average volume of 7,885,034. The stock’s 50 day moving average is $70.50 and its 200-day moving average is $70.56. The stock has a market cap of $96.02 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.41 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The business 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%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. Equities analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.38%. Mondelez International’s dividend payout ratio is presently 46.83%.

Mondelez International Company 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.