Vestmark Advisory Solutions Inc. Has $5.33 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Mondelez International by 109.6%, acquiring an additional 41,085 shares during the first quarter, reaching a total worth of $5.33 million.
• Mondelez reported a quarterly earnings per share (EPS) of $0.73, exceeding analyst estimates of $0.68, and consequently, the company's revenue rose by 7.7% compared to the previous year, totalling $8.98 billion.
• The company recently increased its quarterly dividend from $0.47 to $0.50 per share, reflecting a positive change and resulting in a 3.3% yield for shareholders.

Vestmark Advisory Solutions Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 109.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,584 shares of the company's stock after buying an additional 41,085 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Mondelez International were worth $5,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Capital Research Global Investors boosted its position in Mondelez International by 13.9% during 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 purchasing an additional 4,572,555 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Mondelez International by 5.1% during the fourth 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 boosted its position in Mondelez International by 6.8% during the fourth 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 boosted its position in Mondelez International by 17.1% during the fourth 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, Nuveen LLC acquired a new position in Mondelez International during the first quarter valued at approximately $866,843,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MDLZ. 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 report on Wednesday, July 30th. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. 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 research note on Thursday, July 17th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus upped their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Price Performance

Mondelez International stock traded down $0.24 during mid-day trading on Monday, reaching $61.84. 5,063,898 shares of the company were exchanged, compared to its average volume of 9,012,129. The company has a fifty day simple moving average of $66.78 and a 200-day simple moving average of $65.68. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. 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 cap of $80.02 billion, a PE ratio of 22.65, a PEG ratio of 4.69 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the company earned $0.86 EPS. The company's revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid 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 is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International's dividend payout ratio is 68.86%.

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.