Vontobel Holding Ltd. Increases Holdings in Mondelez International, Inc. $MDLZ

Vontobel Holding Ltd. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,823,545 shares of the company’s stock after purchasing an additional 104,822 shares during the period. Vontobel Holding Ltd. owned 0.22% of Mondelez International worth $176,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Norges Bank purchased a new position in shares of Mondelez International during the second quarter valued at approximately $1,239,834,000. First Trust Advisors LP boosted its holdings in Mondelez International by 197.9% in the second quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock valued at $274,221,000 after acquiring an additional 2,701,229 shares in the last quarter. Corient Private Wealth LLC increased its position in Mondelez International by 88.1% during the 2nd quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock valued at $290,862,000 after purchasing an additional 2,020,135 shares during the period. Confluence Investment Management LLC increased its position in Mondelez International by 324.5% during the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after purchasing an additional 1,699,980 shares during the period. Finally, Invesco Ltd. raised its holdings in Mondelez International by 10.7% in the 2nd quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after purchasing an additional 1,345,078 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Sanford C. Bernstein cut their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Wells Fargo & Company cut their price objective on Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Morgan Stanley reduced their target price on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. JPMorgan Chase & Co. decreased their target price on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.58.

Mondelez International Price Performance

MDLZ stock opened at $54.15 on Wednesday. The firm has a 50 day moving average price of $56.98 and a 200-day moving average price of $62.01. Mondelez International, Inc. has a 52-week low of $53.13 and a 52-week high of $71.15. The firm has a market capitalization of $69.87 billion, a price-to-earnings ratio of 20.28 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion for the quarter. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

About Mondelez International

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.