Mondelez International, Inc. $MDLZ Holdings Cut by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Mondelez International, Inc. by 10.5% during the first quarter, now holding approximately 0.44% of the company with a value of $383.9 million.
• Mondelez International recently announced a quarterly dividend increase to $0.50 per share, marking a 3.3% dividend yield for investors.
• Analysts have set a consensus price target of $71.95 for Mondelez International, with ratings ranging from "buy" to "hold" across various firms, indicating growth expectations for the company.

American Century Companies Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,658,546 shares of the company's stock after selling 665,008 shares during the period. American Century Companies Inc. owned approximately 0.44% of Mondelez International worth $383,932,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new stake in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the last quarter. North Capital Inc. purchased a new position in Mondelez International in the 1st quarter valued at about $31,000. Finally, Orion Capital Management LLC purchased a new position in Mondelez International in the 4th quarter valued at about $30,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.4%

Mondelez International stock traded down $0.24 during midday trading on Monday, reaching $61.84. The stock had a trading volume of 5,063,898 shares, compared to its average volume of 8,361,275. The firm's fifty day simple moving average is $66.78 and its two-hundred day simple moving average is $65.68. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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 firm has a market cap of $80.02 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 4.69 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the business posted $0.86 EPS. The company's revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein upped their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Stifel Nicolaus upped their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

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.