Sumitomo Life Insurance Co. Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sumitomo Life Insurance Co. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,953 shares of the company’s stock after buying an additional 577 shares during the period. Sumitomo Life Insurance Co.’s holdings in Mondelez International were worth $1,838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Mondelez International by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after buying an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Mondelez International by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after buying an additional 1,071,719 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. DA Davidson cut their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Barclays dropped their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Stifel Nicolaus decreased their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.65.

Mondelez International Trading Up 0.2 %

Shares of NASDAQ:MDLZ opened at $71.91 on Thursday. Mondelez International, Inc. has a 52-week low of $62.42 and a 52-week high of $77.20. The stock has a market capitalization of $96.46 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.87 and a beta of 0.54. 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 stock’s 50-day simple moving average is $72.48 and its two-hundred day simple moving average is $69.58.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. Analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.61%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio is 59.68%.

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.