Lazard Asset Management LLC Has $303.38 Million Stake in Mondelez International, Inc. $MDLZ

by · The Markets Daily

Lazard Asset Management LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 11.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,498,553 shares of the company’s stock after purchasing an additional 475,963 shares during the quarter. Lazard Asset Management LLC owned approximately 0.35% of Mondelez International worth $303,381,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MDLZ. Brighton Jones LLC lifted its stake in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in Mondelez International by 109.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 78,584 shares of the company’s stock worth $5,332,000 after purchasing an additional 41,085 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Mondelez International by 116.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 137,231 shares of the company’s stock worth $9,311,000 after purchasing an additional 73,718 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its stake in Mondelez International by 17.3% in the first quarter. Azimuth Capital Investment Management LLC now owns 192,476 shares of the company’s stock valued at $13,059,000 after buying an additional 28,396 shares during the period. Finally, Horizon Investments LLC boosted its holdings in shares of Mondelez International by 1.8% during the 1st quarter. Horizon Investments LLC now owns 25,863 shares of the company’s stock worth $1,755,000 after buying an additional 465 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.5%

MDLZ stock opened at $54.04 on Friday. The firm has a market capitalization of $69.73 billion, a PE ratio of 20.24 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a twelve month low of $53.13 and a twelve month high of $71.15. The stock’s 50 day moving average is $58.02 and its 200-day moving average is $62.69.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MDLZ shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Finally, Morgan Stanley reduced their price objective on Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $67.95.

Get Our Latest Analysis on MDLZ

Mondelez International Profile

(Free Report)

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.

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