Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,970,204 shares of the company’s stock after buying an additional 1,071,719 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.67% of Mondelez International worth $587,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Ables Iannone Moore & Associates Inc. acquired a new stake in Mondelez International during the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International in the 2nd quarter valued at about $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in Mondelez International during the 4th quarter valued at approximately $34,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock opened at $75.26 on Monday. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm has a 50 day moving average price of $69.72 and a 200 day moving average price of $69.33. The company has a market cap of $100.95 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the company earned $0.76 EPS. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent research reports. The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Barclays reduced their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. TD Cowen dropped their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Bank of America reduced their price target on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $78.61.

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.