Boston Family Office LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Boston Family Office LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,040 shares of the company’s stock after selling 346 shares during the period. Boston Family Office LLC’s holdings in Mondelez International were worth $2,038,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Capital Research Global Investors grew its position in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after buying an additional 975,929 shares during the last quarter. Northern Trust Corp grew its position in shares of Mondelez International by 6.8% in the 4th quarter. Northern Trust Corp now owns 16,252,906 shares of the company’s stock worth $970,786,000 after buying an additional 1,035,184 shares during the last quarter. Deutsche Bank AG grew its position in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock worth $820,337,000 after buying an additional 2,002,640 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Mondelez International in the 1st quarter worth approximately $866,843,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 1.0%

MDLZ stock opened at $62.08 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The business has a fifty day moving average price of $66.78 and a 200-day moving average price of $65.57. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock has a market capitalization of $80.33 billion, a P/E ratio of 22.74, a P/E/G ratio of 4.64 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s dividend payout ratio is currently 68.86%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. DA Davidson lowered Mondelez International from a “buy” rating to a “neutral” rating and lifted their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein lifted their price target on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.95.

About Mondelez International

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.