Townsquare Capital LLC Has $6.70 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Townsquare Capital LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,118 shares of the company’s stock after acquiring an additional 19,839 shares during the quarter. Townsquare Capital LLC’s holdings in Mondelez International were worth $6,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the fourth quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the 4th quarter worth approximately $31,000. McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $32,000. Finally, Sierra Ocean LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $67.05 on Monday. The company has a market cap of $86.73 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business has a 50 day moving average price of $64.38 and a 200-day moving average price of $64.10.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.80%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Morgan Stanley began coverage on Mondelez International in a research report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price objective for the company. Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. The Goldman Sachs Group decreased their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.50.

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.