Sand Hill Global Advisors LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Sand Hill Global Advisors LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,923 shares of the company’s stock after purchasing an additional 1,585 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Mondelez International were worth $7,455,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its position in shares of Mondelez International by 5.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after acquiring an additional 120,665 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Mondelez International in the 4th quarter valued at $1,650,000. AGF Management Ltd. raised its holdings in shares of Mondelez International by 32.9% in the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after buying an additional 429,936 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after acquiring an additional 1,713 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in Mondelez International by 1.1% during the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after acquiring an additional 62,595 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MDLZ shares. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Stifel Nicolaus increased their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein increased their price target on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.75.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.44 during midday trading on Wednesday, hitting $70.22. The company had a trading volume of 5,372,105 shares, compared to its average volume of 7,639,588. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $94.19 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.48 and a beta of 0.55. The business has a 50-day simple moving average of $69.92 and a two-hundred day simple moving average of $71.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. Equities research analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.42%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

About Mondelez International

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.