Pinnacle Bancorp Inc. Buys 1,131 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Pinnacle Bancorp Inc. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 75.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,621 shares of the company’s stock after acquiring an additional 1,131 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Mondelez International were worth $183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after acquiring an additional 1,686,229 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. Capital World Investors boosted its stake in shares of Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after purchasing an additional 463,738 shares in the last quarter. Norges Bank purchased a new position in Mondelez International during the fourth quarter valued at approximately $1,231,413,000. Finally, Vontobel Asset Management Inc. raised its stake in Mondelez International by 5.0% in the fourth quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company’s stock worth $753,108,000 after buying an additional 474,539 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDLZ. TD Cowen dropped their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Evercore ISI dropped their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Citigroup reduced 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. JPMorgan Chase & Co. lowered 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, April 12th. Finally, Wells Fargo & Company cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Trading Down 1.7 %

Shares of MDLZ traded down $1.16 during mid-day trading on Friday, hitting $65.44. The company had a trading volume of 10,899,636 shares, compared to its average volume of 7,325,450. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The business’s 50-day simple moving average is $68.89 and its 200-day simple moving average is $70.81. The stock has a market cap of $87.78 billion, a PE ratio of 20.77, a P/E/G ratio of 2.56 and a beta of 0.54. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.89 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.60%. Mondelez International’s payout ratio is 53.97%.

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.