Industrial Alliance Investment Management Inc. Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Industrial Alliance Investment Management Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,442 shares of the company’s stock after buying an additional 382 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Mondelez International were worth $731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Mondelez International during the fourth quarter worth approximately $1,231,413,000. Vanguard Group Inc. increased its position in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. Capital Research Global Investors increased its position in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the last quarter. First Trust Advisors LP increased its position in Mondelez International by 152.3% during the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after purchasing an additional 2,483,972 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.1 %

NASDAQ MDLZ traded down $0.05 during trading hours on Tuesday, reaching $67.05. 7,696,142 shares of the company traded hands, compared to its average volume of 7,203,286. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $89.94 billion, a PE ratio of 21.30, a PEG ratio of 2.75 and a beta of 0.53. The company has a 50 day moving average of $66.88 and a two-hundred day moving average of $69.90.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the firm posted $0.76 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.54%. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MDLZ shares. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Evercore ISI dropped their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. TD Cowen dropped their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.39.

Mondelez International 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.