Mondelez International, Inc. $MDLZ Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 706.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 36,716 shares of the company’s stock after buying an additional 32,165 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Mondelez International were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Soundwatch Capital LLC purchased a new stake in Mondelez International during the second quarter worth $27,000. Rossby Financial LCC raised its position in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the period. Aspect Partners LLC boosted its stake in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Mondelez International during the 2nd quarter worth about $33,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International during the 1st quarter valued at about $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.4%

Shares of MDLZ opened at $54.26 on Tuesday. The stock has a 50 day moving average price of $57.87 and a 200 day moving average price of $62.54. Mondelez International, Inc. has a one year low of $53.13 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The stock has a market capitalization of $70.01 billion, a price-to-earnings ratio of 20.32 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion for the quarter. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio is currently 74.91%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Barclays reduced their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday, October 2nd. Mizuho dropped their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. DA Davidson cut their price target on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Royal Bank Of Canada decreased their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.95.

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.