IFM Investors Pty Ltd Has $19.74 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

IFM Investors Pty Ltd grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,976 shares of the company’s stock after acquiring an additional 3,368 shares during the period. IFM Investors Pty Ltd’s holdings in Mondelez International were worth $19,742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the 2nd quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International during the 2nd quarter valued at $29,000. ESL Trust Services LLC purchased a new position in Mondelez International in the first quarter worth $38,000. Finally, Albion Financial Group UT bought a new position in shares of Mondelez International during the 1st quarter valued at $44,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.3 %

NASDAQ:MDLZ traded down $0.23 during trading hours on Thursday, hitting $70.33. The company’s stock had a trading volume of 1,599,760 shares, compared to its average volume of 6,754,993. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20. The stock has a fifty day moving average of $72.56 and a 200-day moving average of $69.67. The stock has a market capitalization of $94.34 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were given a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio is currently 59.68%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday. They set a “buy” rating and a $82.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

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.