Mondelez International, Inc. (NASDAQ:MDLZ) Position Raised by West Paces Advisors Inc.

West Paces Advisors Inc. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,905 shares of the company’s stock after buying an additional 287 shares during the period. West Paces Advisors Inc.’s holdings in Mondelez International were worth $1,079,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after buying an additional 931,776 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock valued at $1,721,954,000 after buying an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock valued at $1,198,491,000 after buying an additional 975,929 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Mondelez International in the fourth quarter valued at $1,118,755,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.11.

Mondelez International Trading Up 0.8%

Mondelez International stock opened at $66.70 on Tuesday. The company’s fifty day simple moving average is $66.44 and its 200-day simple moving average is $63.40. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market cap of $86.36 billion, a P/E ratio of 19.50, a P/E/G ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the prior year, the company posted $0.93 earnings per share. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.82%. Mondelez International’s dividend payout ratio is currently 69.89%.

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.