Healthcare of Ontario Pension Plan Trust Fund Purchases New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,147 shares of the company’s stock, valued at approximately $8,059,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heritage Wealth Management Inc. acquired a new stake in Mondelez International during the second quarter valued at approximately $1,413,000. Sanctuary Advisors LLC acquired a new stake in Mondelez International during the second quarter valued at approximately $19,061,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mondelez International during the second quarter valued at approximately $252,000. Heritage Oak Wealth Advisors LLC acquired a new stake in Mondelez International during the second quarter valued at approximately $514,000. Finally, New Century Financial Group LLC acquired a new stake in shares of Mondelez International during the 2nd quarter worth approximately $267,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $71.51 on Friday. The stock has a market cap of $95.92 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The business has a fifty day simple moving average of $72.07 and a 200-day simple moving average of $69.59. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period last year, the company earned $0.76 earnings per share. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.63%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. DA Davidson lowered their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI raised their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Stifel Nicolaus lowered their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.