Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 229,557 shares of the company’s stock after acquiring an additional 28,287 shares during the quarter. Pacer Advisors Inc.’s holdings in Mondelez International were worth $15,022,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. SageView Advisory Group LLC acquired a new position in Mondelez International in the 4th quarter valued at approximately $907,000. Gotham Asset Management LLC increased its stake in Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after buying an additional 16,450 shares during the period. GSA Capital Partners LLP acquired a new position in Mondelez International in the 1st quarter valued at approximately $1,686,000. Schroder Investment Management Group increased its stake in Mondelez International by 35.1% in the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after buying an additional 168,639 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Mondelez International by 21.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock valued at $11,389,000 after buying an additional 27,379 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $74.28 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a market capitalization of $99.64 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54. The company’s fifty day moving average is $70.66 and its two-hundred day moving average is $69.43. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is 59.68%.

Analysts Set New Price Targets

Several research analysts have weighed in on MDLZ shares. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Piper Sandler cut their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. DA Davidson cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Evercore ISI cut their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.29.

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.