Alps Advisors Inc. Purchases 5,819 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Alps Advisors Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,339 shares of the company's stock after purchasing an additional 5,819 shares during the period. Alps Advisors Inc.'s holdings in Mondelez International were worth $2,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Mondelez International during the fourth quarter worth $1,118,755,000. Capital Research Global Investors increased its position in shares of Mondelez International by 13.9% during the fourth 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 period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Mondelez International during the first quarter worth $189,930,000. Deutsche Bank AG increased its position in shares of Mondelez International by 17.1% during the fourth 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 period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mondelez International during the fourth quarter worth $104,065,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 1.1%

Shares of NASDAQ MDLZ traded up $0.73 during mid-day trading on Wednesday, reaching $67.47. 5,335,910 shares of the company's stock traded hands, compared to its average volume of 8,067,761. The stock has a market cap of $87.36 billion, a P/E ratio of 25.08, a PEG ratio of 5.24 and a beta of 0.48. The business has a 50-day simple moving average of $66.97 and a 200 day simple moving average of $64.38. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period last year, the company earned $0.93 earnings per share. The business's revenue was up .2% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Barclays increased their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Evercore ISI increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.63.

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.