Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,674 shares of the company’s stock after selling 3,995 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Mondelez International were worth $2,923,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MDLZ. Mercer Global Advisors Inc. ADV boosted its holdings in Mondelez International by 9.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 134,317 shares of the company’s stock worth $8,790,000 after purchasing an additional 11,234 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in shares of Mondelez International by 2.1% during the second quarter. Meiji Yasuda Life Insurance Co now owns 98,565 shares of the company’s stock worth $6,450,000 after buying an additional 2,025 shares during the period. E Fund Management Co. Ltd. grew its holdings in Mondelez International by 4.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 13,848 shares of the company’s stock worth $906,000 after buying an additional 596 shares in the last quarter. Axxcess Wealth Management LLC increased its position in Mondelez International by 9.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 69,593 shares of the company’s stock valued at $4,554,000 after acquiring an additional 5,906 shares during the period. Finally, Alpha Family Trust raised its stake in Mondelez International by 17.1% during the 2nd quarter. Alpha Family Trust now owns 10,870 shares of the company’s stock valued at $711,000 after acquiring an additional 1,585 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDLZ. TD Cowen cut their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Evercore ISI reduced their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Barclays lowered their price objective 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. JPMorgan Chase & Co. upped their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, DA Davidson lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Trading Down 0.1 %

Shares of MDLZ opened at $75.05 on Thursday. The business’s 50-day moving average price is $70.29 and its 200 day moving average price is $69.40. 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 stock has a market capitalization of $100.67 billion, a P/E ratio of 23.83, a P/E/G ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its 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 business had revenue of $8.34 billion for the quarter, compared to the consensus estimate 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 firm posted $0.76 earnings per share. Analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio 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.