King Luther Capital Management Corp Has $62.49 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

King Luther Capital Management Corp lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 954,880 shares of the company’s stock after selling 28,914 shares during the quarter. King Luther Capital Management Corp owned 0.07% of Mondelez International worth $62,487,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Vanguard Group Inc. boosted its holdings in shares of Mondelez International by 5.4% in 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 period. Capital Research Global Investors boosted its holdings in shares of Mondelez International by 26.9% in the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after buying an additional 6,426,928 shares during the period. Massachusetts Financial Services Co. MA boosted 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 buying an additional 4,794,746 shares during the period. First Trust Advisors LP boosted its holdings in shares of Mondelez International by 152.3% in the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after buying an additional 2,483,972 shares during the period. Finally, Wulff Hansen & CO. boosted its holdings in shares of Mondelez International by 6,311.0% in the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after buying an additional 1,723,537 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $74.78 on Friday. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a market cap of $100.31 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.01 and a beta of 0.54. The firm’s fifty day moving average price is $70.48 and its two-hundred day moving average price is $69.44. 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 (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm 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 company earned $0.76 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. 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 2.51%. Mondelez International’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

A number of analysts have recently commented on MDLZ shares. The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. Evercore ISI cut their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. DA Davidson cut their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

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.