1832 Asset Management L.P. Purchases 61,084 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

1832 Asset Management L.P. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,825,220 shares of the company’s stock after acquiring an additional 61,084 shares during the quarter. 1832 Asset Management L.P. owned about 0.29% of Mondelez International worth $250,322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International in the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International during the 2nd quarter valued at about $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $34,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $74.28 on Friday. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock’s fifty day moving average price is $70.66 and its 200-day moving average price is $69.45. The firm has a market cap of $99.64 billion, a P/E ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54. 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 (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. Mondelez International’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.53%. Mondelez International’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Evercore ISI decreased their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Barclays dropped their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Bank of America cut their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. TD Cowen lowered their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, DA Davidson cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average 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.