New York Life Investment Management LLC Purchases 1,462 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

New York Life Investment Management LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 206,814 shares of the company’s stock after acquiring an additional 1,462 shares during the period. New York Life Investment Management LLC’s holdings in Mondelez International were worth $13,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. International Assets Investment Management LLC grew its stake in shares of Mondelez International by 10.4% in the fourth quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock valued at $761,000 after buying an additional 987 shares in the last quarter. Principal Securities Inc. bought a new position in Mondelez International during the fourth quarter worth $1,337,000. Cary Street Partners Investment Advisory LLC boosted its position in Mondelez International by 12.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 28,542 shares of the company’s stock worth $2,067,000 after purchasing an additional 3,169 shares during the period. Johnson Investment Counsel Inc. boosted its position in Mondelez International by 2.2% during the fourth quarter. Johnson Investment Counsel Inc. now owns 53,875 shares of the company’s stock worth $3,902,000 after purchasing an additional 1,149 shares during the period. Finally, JFS Wealth Advisors LLC boosted its position in Mondelez International by 14.3% during the fourth quarter. JFS Wealth Advisors LLC now owns 3,315 shares of the company’s stock worth $240,000 after purchasing an additional 415 shares during the period. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Bank of America reduced their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus dropped their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Stock Up 0.3 %

Shares of NASDAQ MDLZ opened at $75.31 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company has a market cap of $101.02 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.90 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock has a 50-day moving average price of $68.84 and a two-hundred day moving average price of $69.31.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is 59.68%.

About Mondelez International

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.