Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Lessened by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. reduced its holdings in Mondelez International by 18.3% during the first quarter, now holding 63,180 shares valued at approximately $4.29 million.
• Mondelez International recently declared an increased quarterly dividend of $0.50 per share, up from $0.47, reflecting a dividend yield of 3.2% and a payout ratio of 73.26%.
• The company reported a 7.7% increase in year-over-year revenue with earnings per share of $0.73, exceeding analysts' expectations of $0.68.

Tocqueville Asset Management L.P. lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,180 shares of the company's stock after selling 14,124 shares during the period. Tocqueville Asset Management L.P.'s holdings in Mondelez International were worth $4,287,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. American Investment Services Inc. boosted its position in Mondelez International by 0.5% during the 1st quarter. American Investment Services Inc. now owns 39,474 shares of the company's stock worth $2,678,000 after acquiring an additional 190 shares during the period. Nations Financial Group Inc. IA ADV bought a new stake in shares of Mondelez International during the first quarter valued at about $236,000. Ethic Inc. lifted its holdings in Mondelez International by 21.4% in the first quarter. Ethic Inc. now owns 214,356 shares of the company's stock worth $14,501,000 after purchasing an additional 37,742 shares during the period. EverSource Wealth Advisors LLC grew its position in Mondelez International by 65.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,195 shares of the company's stock valued at $556,000 after buying an additional 3,228 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in Mondelez International in the 1st quarter valued at about $53,112,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of MDLZ opened at $62.08 on Friday. The company's 50-day moving average is $66.78 and its 200-day moving average is $65.63. 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 capitalization of $80.33 billion, a PE ratio of 22.74, a PEG ratio of 4.69 and a beta of 0.46. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates 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 for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. Equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's payout ratio is currently 73.26%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Sanford C. Bernstein increased their price target on 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 raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Finally, Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, 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.

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