Nisa Investment Advisors LLC Buys 5,091 Shares of Mondelez International, Inc. $MDLZ

Nisa Investment Advisors LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% in the second quarter, HoldingsChannel reports. The fund owned 423,557 shares of the company’s stock after acquiring an additional 5,091 shares during the period. Nisa Investment Advisors LLC’s holdings in Mondelez International were worth $28,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 90.1% during the 1st 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 purchasing an additional 13,755,181 shares during the period. Nuveen LLC purchased a new position in shares of Mondelez International in the first quarter valued at about $866,843,000. Goldman Sachs Group Inc. increased its holdings in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after acquiring an additional 1,775,570 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in Mondelez International by 659.9% during the first quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock worth $101,988,000 after acquiring an additional 1,305,332 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.4%

Shares of MDLZ stock opened at $60.77 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock’s fifty day moving average is $62.22 and its two-hundred day moving average is $65.12. The firm has a market capitalization of $78.63 billion, a P/E ratio of 22.26, a PEG ratio of 5.44 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion for the quarter. Research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Stifel Nicolaus raised their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Sanford C. Bernstein lifted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

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.