Meiji Yasuda Asset Management Co Ltd. Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Meiji Yasuda Asset Management Co Ltd. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,674 shares of the company’s stock after selling 3,995 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Mondelez International were worth $2,923,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International in the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International in the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International during the 2nd quarter worth about $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen reduced their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Sanford C. Bernstein lowered their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Bank of America reduced their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. One research 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.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Price Performance

MDLZ opened at $75.05 on Thursday. The company has a 50 day moving average of $70.29 and a two-hundred day moving average of $69.40. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $100.67 billion, a P/E ratio of 23.83, a P/E/G ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the firm earned $0.76 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.47 per share. 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 2.50%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

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.