Holderness Investments Co. Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Holderness Investments Co. grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,041 shares of the company’s stock after acquiring an additional 353 shares during the period. Holderness Investments Co.’s holdings in Mondelez International were worth $817,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Capital Research Global Investors boosted its holdings in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after buying an additional 975,929 shares in the last quarter. Northern Trust Corp boosted its holdings in Mondelez International by 6.8% during the fourth quarter. Northern Trust Corp now owns 16,252,906 shares of the company’s stock worth $970,786,000 after buying an additional 1,035,184 shares in the last quarter. Deutsche Bank AG boosted its holdings in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock worth $820,337,000 after buying an additional 2,002,640 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Mondelez International during the first quarter worth $866,843,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MDLZ. Wells Fargo & Company raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Morgan Stanley increased their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Barclays increased their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. DA Davidson downgraded shares of Mondelez International from a “buy” rating to a “neutral” rating and increased their price objective for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.95.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.18 on Thursday. The firm has a 50-day simple moving average of $66.96 and a 200-day simple moving average of $65.51. The stock has a market capitalization of $80.45 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 4.64 and a beta of 0.46. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is 73.26%.

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.