Vaughan Nelson Investment Management L.P. Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Vaughan Nelson Investment Management L.P. purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,799,257 shares of the company's stock, valued at approximately $189,930,000. Mondelez International accounts for about 1.9% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 10th biggest position. Vaughan Nelson Investment Management L.P. owned approximately 0.22% of Mondelez International at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc raised its holdings in Mondelez International by 6.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after acquiring an additional 168 shares during the period. First Horizon Advisors Inc. raised its holdings in Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after acquiring an additional 181 shares during the period. 44 Wealth Management LLC raised its holdings in Mondelez International by 2.6% during the 4th quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock valued at $457,000 after acquiring an additional 191 shares during the period. Baker Avenue Asset Management LP raised its holdings in Mondelez International by 4.2% during the 4th quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock valued at $284,000 after acquiring an additional 193 shares during the period. Finally, Manchester Capital Management LLC grew its position in shares of Mondelez International by 2.5% during the 4th quarter. Manchester Capital Management LLC now owns 8,035 shares of the company's stock valued at $480,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MDLZ shares. Stifel Nicolaus boosted their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada restated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. UBS Group boosted their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Finally, Evercore ISI boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $70.11.

Mondelez International Trading Down 1.7%

NASDAQ MDLZ traded down $1.19 during trading on Friday, hitting $66.93. 6,528,752 shares of the company's stock traded hands, compared to its average volume of 8,057,939. The stock has a fifty day moving average of $66.56 and a two-hundred day moving average of $63.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market cap of $86.66 billion, a P/E ratio of 19.57, a PEG ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Mondelez International 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.