RB Capital Management LLC Has $1.74 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

RB Capital Management LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,038 shares of the company’s stock after purchasing an additional 287 shares during the period. RB Capital Management LLC’s holdings in Mondelez International were worth $1,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Barclays PLC boosted its stake in shares of Mondelez International by 48.8% in the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after purchasing an additional 1,623,588 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Mondelez International by 44.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after acquiring an additional 1,159,900 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Mondelez International during the 3rd quarter worth approximately $71,311,000. Envestnet Asset Management Inc. increased its stake in Mondelez International by 38.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock valued at $226,531,000 after purchasing an additional 900,445 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in shares of Mondelez International by 52.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock valued at $168,660,000 after buying an additional 838,651 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.7 %

Shares of MDLZ stock traded down $1.25 during trading hours on Wednesday, hitting $70.69. 11,091,274 shares of the company were exchanged, compared to its average volume of 7,960,757. 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 fifty-two week low of $60.75 and a fifty-two week high of $78.54. The company has a 50 day simple moving average of $70.42 and a two-hundred day simple moving average of $70.87. The firm has a market cap of $95.18 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.50 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. Equities analysts anticipate that Mondelez International, Inc. will post 3.51 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio is 46.83%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDLZ shares. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Stifel Nicolaus raised their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. 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 report on Thursday, January 18th. Finally, Citigroup lowered their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.06.

Mondelez International 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.