Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Reduced by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,493,453 shares of the company’s stock after selling 333,900 shares during the quarter. Mondelez International makes up approximately 2.3% of Vontobel Holding Ltd.’s holdings, making the stock its 10th largest holding. Vontobel Holding Ltd.’s holdings in Mondelez International were worth $699,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Vanguard Group Inc. grew its holdings in shares of Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the last quarter. Capital Research Global Investors grew its stake in Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Legal & General Group Plc increased its holdings in shares of Mondelez International by 2.6% in the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after purchasing an additional 293,773 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mondelez International by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after purchasing an additional 1,071,719 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ traded down $0.08 on Wednesday, reaching $71.72. 866,162 shares of the company’s stock were exchanged, compared to its average volume of 6,784,467. The stock has a market cap of $96.20 billion, a PE ratio of 22.83, a P/E/G ratio of 2.87 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a twelve month low of $62.42 and a twelve month high of $77.20. The stock’s fifty day moving average price is $72.43 and its 200-day moving average price is $69.57.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler decreased their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Citigroup upped their price objective on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Barclays cut their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Stifel Nicolaus lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.65.

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 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.