Newfound Research LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 33.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,366 shares of the company’s stock after selling 693 shares during the quarter. Newfound Research LLC’s holdings in Mondelez International were worth $85,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 115,811,776 shares of the company’s stock worth $7,270,664,000 after purchasing an additional 2,302,582 shares during the period. BlackRock Inc. raised its holdings in shares of Mondelez International by 8.6% in the 1st quarter. BlackRock Inc. now owns 95,055,488 shares of the company’s stock worth $5,967,581,000 after purchasing an additional 7,536,591 shares during the period. State Street Corp raised its holdings in shares of Mondelez International by 0.7% in the 4th quarter. State Street Corp now owns 63,975,249 shares of the company’s stock worth $4,264,301,000 after purchasing an additional 456,083 shares during the period. Wellington Management Group LLP raised its holdings in shares of Mondelez International by 5.6% in the 1st quarter. Wellington Management Group LLP now owns 42,884,187 shares of the company’s stock worth $2,692,268,000 after purchasing an additional 2,267,564 shares during the period. Finally, Capital International Investors raised its holdings in shares of Mondelez International by 14.6% in the 4th quarter. Capital International Investors now owns 17,008,751 shares of the company’s stock worth $1,127,779,000 after purchasing an additional 2,162,384 shares during the period. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on MDLZ shares. Sanford C. Bernstein raised their price objective on Mondelez International to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. StockNews.com upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. UBS Group dropped their target price on Mondelez International to $73.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $73.00 to $70.00 in a report on Monday, July 18th. Finally, Cowen assumed coverage on Mondelez International in a report on Wednesday, September 14th. They set an “outperform” rating and a $71.00 target price on the stock. Thirteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Buy” and an average price target of $72.85.
Mondelez International Stock Performance
Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its earnings results on Tuesday, July 26th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $7.27 billion during the quarter, compared to analyst estimates of $6.81 billion. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. During the same quarter last year, the firm earned $0.66 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 2.91 earnings per share for the current year.
Mondelez International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.385 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, September 29th. This represents a $1.54 annualized dividend and a dividend yield of 2.64%. Mondelez International’s dividend payout ratio (DPR) is presently 50.91%.
Mondelez International Company 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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
- Get a free copy of the StockNews.com research report on Mondelez International (MDLZ)
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