TCW Group Inc. Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

TCW Group Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 43.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,340 shares of the company’s stock after purchasing an additional 29,374 shares during the quarter. TCW Group Inc.’s holdings in Mondelez International were worth $6,370,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MDLZ. Vanguard Group Inc. raised its holdings in Mondelez International by 5.4% in 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. Price T Rowe Associates Inc. MD boosted its position in 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 valued at $2,636,897,000 after buying an additional 1,686,229 shares during the period. Capital Research Global Investors boosted its position in Mondelez International by 7.3% in 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 buying an additional 2,206,023 shares during the period. Capital World Investors lifted its position in shares of Mondelez International by 2.2% during the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after purchasing an additional 463,738 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International during the 4th quarter worth $1,231,413,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research analyst reports. Barclays cut 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. Bank of America decreased their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein reduced their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Stifel Nicolaus dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Trading Down 0.2 %

Shares of MDLZ traded down $0.16 during midday trading on Friday, hitting $70.12. The stock had a trading volume of 5,130,941 shares, compared to its average volume of 7,208,019. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The business has a 50-day simple moving average of $67.20 and a two-hundred day simple moving average of $69.49. The firm has a market cap of $94.06 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.68%. 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.