Sumitomo Mitsui Trust Group Inc. Purchases 34,365 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,500,174 shares of the company's stock after buying an additional 34,365 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Mondelez International worth $237,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Mondelez International in the fourth quarter valued at $1,118,755,000. Capital Research Global Investors lifted its stake in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Mondelez International in the fourth quarter valued at $256,832,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Mondelez International in the first quarter valued at $189,930,000. Finally, Deutsche Bank AG lifted its stake in Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

Mondelez International stock opened at $67.78 on Friday. The stock's 50 day moving average is $66.73 and its 200 day moving average is $63.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The firm has a market cap of $87.76 billion, a P/E ratio of 25.20, a P/E/G ratio of 5.25 and a beta of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MDLZ. Morgan Stanley raised their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Stifel Nicolaus boosted their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. UBS Group boosted their price target on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Barclays lifted their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

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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