First Fiduciary Investment Counsel Inc. Has $4.85 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

First Fiduciary Investment Counsel Inc. grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1,225.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,894 shares of the company’s stock after purchasing an additional 61,848 shares during the quarter. First Fiduciary Investment Counsel Inc.’s holdings in Mondelez International were worth $4,845,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp grew its position in Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after buying an additional 303,965 shares in the last quarter. 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 worth $823,972,000 after buying an additional 65,976 shares in the last quarter. Invesco Ltd. lifted its stake in Mondelez International by 9.2% during the third quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock worth $535,893,000 after purchasing an additional 648,270 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Mondelez International by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,271,547 shares of the company’s stock worth $504,645,000 after purchasing an additional 69,381 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Mondelez International by 7.8% during the fourth quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock worth $451,621,000 after purchasing an additional 450,459 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ stock opened at $70.61 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The company has a 50 day moving average price of $70.45 and a 200 day moving average price of $70.61. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The stock has a market capitalization of $95.07 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56.

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

Mondelez International Announces Dividend

The firm also recently announced 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 2.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is presently 46.83%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target 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. Citigroup cut their price target 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. cut their price target 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. Deutsche Bank Aktiengesellschaft lifted 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. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $80.89.

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.