Mercer Global Advisors Inc. ADV Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mercer Global Advisors Inc. ADV raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 134,317 shares of the company’s stock after buying an additional 11,234 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Mondelez International were worth $8,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Vanguard Group Inc. boosted its holdings in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after acquiring an additional 1,686,229 shares in the last quarter. Capital Research Global Investors grew its position in shares of Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Capital World Investors increased its stake in shares of Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after purchasing an additional 463,738 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.7 %

NASDAQ MDLZ opened at $74.28 on Friday. 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 52 week low of $60.75 and a 52 week high of $77.20. The business’s fifty day simple moving average is $70.66 and its 200-day simple moving average is $69.46. The firm has a market cap of $99.64 billion, a PE ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on MDLZ. The Goldman Sachs Group began coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Wells Fargo & Company cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. Evercore ISI decreased their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Barclays decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.