Meiji Yasuda Life Insurance Co Has $6.45 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Meiji Yasuda Life Insurance Co grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,565 shares of the company’s stock after acquiring an additional 2,025 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Mondelez International were worth $6,450,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cadence Bank grew its holdings in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after purchasing an additional 148 shares during the period. Evermay Wealth Management LLC lifted its position in shares of Mondelez International by 2.6% during the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after buying an additional 149 shares during the last quarter. Sachetta LLC grew its stake in shares of Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after acquiring an additional 149 shares during the period. Curbstone Financial Management Corp increased its holdings in Mondelez International by 2.4% in the 1st quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock worth $456,000 after acquiring an additional 150 shares during the last quarter. Finally, Searle & CO. raised its stake in Mondelez International by 1.2% in the 1st quarter. Searle & CO. now owns 12,319 shares of the company’s stock valued at $862,000 after acquiring an additional 152 shares during the period. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Bank of America dropped their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Stifel Nicolaus dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Trading Down 0.6 %

Shares of Mondelez International stock opened at $75.10 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The firm has a market cap of $100.74 billion, a PE ratio of 23.84, a PEG ratio of 3.01 and a beta of 0.54. The company has a 50 day simple moving average of $70.11 and a two-hundred day simple moving average of $69.36.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.50%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 59.68%.

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.