Mondelez International, Inc. $MDLZ Shares Purchased by Aberdeen Group plc

Aberdeen Group plc raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,410,891 shares of the company’s stock after buying an additional 62,217 shares during the quarter. Aberdeen Group plc’s holdings in Mondelez International were worth $94,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after buying an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new position in shares of Mondelez International during the first quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. grew its holdings in shares of Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Mondelez International during the first quarter valued at approximately $189,930,000. Finally, Natixis Advisors LLC grew its holdings in shares of Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after purchasing an additional 1,775,570 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.45 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. The firm has a market capitalization of $79.51 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 4.65 and a beta of 0.45. The business has a 50 day simple moving average of $62.28 and a 200 day simple moving average of $65.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $7.30 billion during the quarter. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 73.26%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent research reports. Barclays upped their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Morgan Stanley lowered their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Stifel Nicolaus upped their target price on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Sanford C. Bernstein upped their target price on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.

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.