Epoch Investment Partners Inc. Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Epoch Investment Partners Inc. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.6% during the 1st quarter, HoldingsChannel reports. The firm owned 634,890 shares of the company’s stock after selling 51,888 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Mondelez International were worth $44,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after buying an additional 1,686,229 shares during the period. Capital Research Global Investors raised its stake in shares of Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares during the period. Capital World Investors raised its stake in shares of Mondelez International by 2.2% during the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $1,231,413,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Stifel Nicolaus reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Sanford C. Bernstein reduced their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.39.

Mondelez International Trading Up 0.0 %

Shares of NASDAQ MDLZ traded up $0.03 during mid-day trading on Friday, reaching $66.42. 5,778,491 shares of the company’s stock were exchanged, compared to its average volume of 6,328,950. The firm has a market capitalization of $89.09 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.75 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company’s 50-day moving average is $66.94 and its 200-day moving average is $69.96.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period last year, the business posted $0.89 EPS. Mondelez International’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) 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.