MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 29.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 487,495 shares of the company's stock after buying an additional 110,895 shares during the quarter. Mondelez International accounts for 1.8% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings, making the stock its 27th largest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Mondelez International were worth $30,269,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bivin & Associates Inc. acquired a new position in Mondelez International in the 4th quarter worth approximately $25,000. Landmark Wealth Management LLC acquired a new position in Mondelez International in the 1st quarter worth approximately $27,000. Rather & Kittrell Inc. acquired a new position in Mondelez International in the 4th quarter worth approximately $29,000. MCF Advisors LLC acquired a new position in Mondelez International in the 1st quarter worth approximately $33,000. Finally, GoalVest Advisory LLC boosted its stake in Mondelez International by 8,685.7% in the 2nd quarter. GoalVest Advisory LLC now owns 615 shares of the company's stock worth $38,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 76.41% of the company's stock.
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Mondelez International Stock Performance
MDLZ traded down $0.76 during trading on Tuesday, hitting $57.59. The stock had a trading volume of 293,353 shares, compared to its average volume of 6,946,899. The firm has a market cap of $78.93 billion, a PE ratio of 21.22, a P/E/G ratio of 2.94 and a beta of 0.60. Mondelez International, Inc. has a 12 month low of $57.63 and a 12 month high of $69.47. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. The company has a 50 day simple moving average of $62.54 and a 200-day simple moving average of $62.67.
Mondelez International (NASDAQ:MDLZ – Get Rating) last announced its earnings results on Tuesday, July 26th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $6.81 billion. Mondelez International had a net
margin of 12.93% and a return on equity of 14.67%. During the same quarter last year, the firm posted $0.66 EPS. Analysts expect that Mondelez International, Inc. will post 2.91 EPS for the current year.
Mondelez International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, September 29th. This is an increase from Mondelez International's previous quarterly dividend of $0.35. Mondelez International's dividend payout ratio (DPR) is 50.91%.
Wall Street Analyst Weigh In
MDLZ has been the subject of a number of research reports. StockNews.com raised shares of Mondelez International from a "hold" rating to a "buy" rating in a research note on Wednesday, August 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $73.00 to $70.00 in a research note on Monday, July 18th. UBS Group decreased their target price on shares of Mondelez International to $73.00 in a research note on Friday, July 22nd. Sanford C. Bernstein lifted their target price on shares of Mondelez International to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. Finally, Cowen assumed coverage on shares of Mondelez International in a research note on Wednesday, September 14th. They set an "outperform" rating and a $71.00 target price for the company. Thirteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Mondelez International presently has a consensus rating of "Buy" and an average price target of $72.85.
Mondelez International Company Profile
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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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