Epoch Investment Partners Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 911,389 shares of the company’s stock after acquiring an additional 96,053 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Mondelez International were worth $49,060,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after acquiring an additional 1,646,213 shares during the period. Capital International Investors lifted its stake in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. JPMorgan Chase & Co. increased its holdings in Mondelez International by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after purchasing an additional 10,137,457 shares during the last quarter. State Street Corp increased its holdings in Mondelez International by 1.5% in the fourth quarter. State Street Corp now owns 61,217,193 shares of the company’s stock valued at $3,325,625,000 after purchasing an additional 908,076 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Mondelez International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after purchasing an additional 108,179 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.
Mondelez International Price Performance
MDLZ stock opened at $62.99 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The stock has a market capitalization of $80.86 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.47 and a beta of 0.38. The business has a 50-day moving average of $60.16 and a 200-day moving average of $58.15. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15.
Mondelez International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio is currently 99.50%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on MDLZ shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Sanford C. Bernstein dropped their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a report on Monday, March 30th. TD Cowen increased their price target on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Bank of America increased their price target on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.
Mondelez International Profile
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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