Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Lowered by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,840 shares of the company’s stock after selling 993 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Mondelez International were worth $3,839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Mondelez International during the fourth quarter worth approximately $1,231,413,000. Vanguard Group Inc. lifted its position in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after acquiring an additional 6,696,897 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after acquiring an additional 6,426,928 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after acquiring an additional 2,483,972 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Mondelez International by 4.9% in 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 during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.8 %

MDLZ stock traded down $0.53 during trading hours on Tuesday, hitting $66.01. The company’s stock had a trading volume of 3,406,180 shares, compared to its average volume of 7,231,565. The stock has a 50 day moving average price of $67.37 and a two-hundred day moving average price of $70.14. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a market capitalization of $88.54 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.75 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. On average, equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.58%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore ISI reduced their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Barclays dropped their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.39.

Mondelez International 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.