Guinness Asset Management LTD Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Guinness Asset Management LTD increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,912,874 shares of the company’s stock after buying an additional 127,517 shares during the quarter. Mondelez International makes up 4.1% of Guinness Asset Management LTD’s investment portfolio, making the stock its 10th largest holding. Guinness Asset Management LTD’s holdings in Mondelez International were worth $214,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valeo Financial Advisors LLC grew its holdings in Mondelez International by 3.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 33,698 shares of the company’s stock valued at $2,483,000 after buying an additional 1,076 shares during the last quarter. Fiduciary Financial Group LLC boosted its position in shares of Mondelez International by 5.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,666 shares of the company’s stock valued at $260,000 after acquiring an additional 200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Mondelez International by 242.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,042 shares of the company’s stock worth $670,000 after acquiring an additional 6,402 shares during the last quarter. Pacific Sun Financial Corp bought a new stake in Mondelez International in the 3rd quarter valued at $211,000. Finally, Castle Rock Wealth Management LLC grew its position in Mondelez International by 2.6% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 9,119 shares of the company’s stock worth $650,000 after purchasing an additional 230 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.7 %

Shares of NASDAQ MDLZ traded down $0.48 during mid-day trading on Friday, reaching $70.66. 4,338,547 shares of the company’s stock were exchanged, compared to its average volume of 6,827,386. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $94.39 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 2.87 and a beta of 0.54. The business has a fifty day simple moving average of $72.33 and a 200 day simple moving average of $69.56.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. Mondelez International’s dividend payout ratio is presently 64.60%.

Analyst Ratings Changes

Several research firms recently weighed in on MDLZ. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Citigroup raised their price target on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.41.

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.