TIAA Trust National Association Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• TIAA Trust National Association has decreased its stake in Mondelez International by 5.2%, ending the first quarter with 81,033 shares valued at approximately $5.5 million.
• Several large investors, including Capital Research Global Investors and Deutsche Bank AG, have increased their holdings in Mondelez International, indicating institutional confidence in the company.
• Mondelez has announced a quarterly dividend increase from $0.47 to $0.50, with a dividend yield of 3.1%, enhancing its attractiveness to investors.

TIAA Trust National Association reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,033 shares of the company's stock after selling 4,431 shares during the period. TIAA Trust National Association's holdings in Mondelez International were worth $5,498,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MDLZ. Capital Research Global Investors increased its position in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after purchasing an additional 975,929 shares during the last quarter. Northern Trust Corp increased its position in shares of Mondelez International by 6.8% in the 4th quarter. Northern Trust Corp now owns 16,252,906 shares of the company's stock valued at $970,786,000 after purchasing an additional 1,035,184 shares during the last quarter. Deutsche Bank AG increased its position in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Mondelez International by 13.6% in the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock valued at $741,224,000 after purchasing an additional 1,483,270 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on MDLZ. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. 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 report on Wednesday, July 30th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Morgan Stanley upped their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Stock Down 1.2%

Shares of NASDAQ:MDLZ opened at $63.93 on Monday. The stock has a market cap of $82.78 billion, a P/E ratio of 23.42, a P/E/G ratio of 4.84 and a beta of 0.46. The firm has a fifty day moving average price of $67.73 and a 200 day moving average price of $65.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share 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 analysts' expectations of $8.82 billion. During the same quarter in the prior year, the business earned $0.86 EPS. Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Mondelez International's dividend payout ratio (DPR) is 68.86%.

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.

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