Mondelez International, Inc. $MDLZ Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 59.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 530,315 shares of the company’s stock after buying an additional 198,374 shares during the quarter. Quantinno Capital Management LP’s holdings in Mondelez International were worth $35,764,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Diversify Wealth Management LLC raised its position in shares of Mondelez International by 5.6% in the 2nd quarter. Diversify Wealth Management LLC now owns 5,032 shares of the company’s stock valued at $309,000 after purchasing an additional 268 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of Mondelez International by 172.9% in the second quarter. Diversify Advisory Services LLC now owns 20,352 shares of the company’s stock worth $1,249,000 after buying an additional 12,895 shares during the last quarter. Lavaca Capital LLC raised its holdings in shares of Mondelez International by 29.3% in the second quarter. Lavaca Capital LLC now owns 7,120 shares of the company’s stock worth $480,000 after buying an additional 1,614 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Mondelez International by 21.6% during the second quarter. Alliancebernstein L.P. now owns 1,892,819 shares of the company’s stock worth $127,652,000 after buying an additional 336,784 shares during the period. Finally, Vivaldi Capital Management LP purchased a new stake in shares of Mondelez International during the second quarter valued at $210,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDLZ. Evercore ISI reduced their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Sanford C. Bernstein cut their price objective on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Thursday, October 2nd. Barclays dropped their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.95.

Mondelez International Stock Down 0.2%

Shares of NASDAQ MDLZ opened at $53.79 on Friday. Mondelez International, Inc. has a 52-week low of $53.13 and a 52-week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The company’s 50-day simple moving average is $58.20 and its 200-day simple moving average is $62.77. The firm has a market cap of $69.41 billion, a price-to-earnings ratio of 20.15 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted 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 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion for the quarter. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio is 74.91%.

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.