ASR Vermogensbeheer N.V. Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

ASR Vermogensbeheer N.V. acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 124,942 shares of the company’s stock, valued at approximately $8,477,000.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors increased its holdings in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Mondelez International in the first quarter valued at $189,930,000. Deutsche Bank AG grew its holdings in shares of 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 purchasing an additional 2,002,640 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after purchasing an additional 1,775,570 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.4%

Shares of NASDAQ MDLZ opened at $62.07 on Thursday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a fifty day moving average of $67.49 and a 200-day moving average of $65.35. The stock has a market capitalization of $80.37 billion, a PE ratio of 22.74, a P/E/G ratio of 4.71 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 (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the company earned $0.86 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is presently 68.86%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. DA Davidson downgraded shares of Mondelez International from a “buy” rating to a “neutral” rating and increased their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Barclays increased their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. UBS Group reduced their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Finally, Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.95.

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.