Mondelez International, Inc. $MDLZ Shares Acquired by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,390 shares of the company’s stock after acquiring an additional 399 shares during the period. Mondelez International makes up 1.1% of Schulhoff & Co. Inc.’s holdings, making the stock its 26th biggest holding. Schulhoff & Co. Inc.’s holdings in Mondelez International were worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Mondelez International during the first quarter valued at about $866,843,000. Invesco Ltd. increased its position in shares of Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after acquiring an additional 137,604 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its position in shares of Mondelez International by 1.5% during the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock valued at $417,090,000 after acquiring an additional 89,362 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MDLZ. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Thursday, October 2nd. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.22.

Mondelez International Stock Down 1.7%

Shares of Mondelez International stock opened at $61.75 on Wednesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.39. The company has a 50 day moving average of $62.25 and a 200 day moving average of $65.19. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $79.90 billion, a P/E ratio of 22.62, a P/E/G ratio of 5.62 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion during the quarter. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 30th. Mondelez International’s payout ratio is presently 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.