Dai ichi Life Insurance Company Ltd Purchases 26,178 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Dai ichi Life Insurance Company Ltd raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,434 shares of the company’s stock after acquiring an additional 26,178 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Mondelez International were worth $15,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MDLZ shares. JPMorgan Chase & Co. boosted their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. TD Cowen dropped their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Evercore ISI reduced their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Finally, Wells Fargo & Company decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Trading Up 1.2 %

Mondelez International stock opened at $75.26 on Friday. The business’s fifty day simple moving average is $69.72 and its two-hundred day simple moving average is $69.38. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $100.53 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating 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 business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period last year, the business earned $0.76 EPS. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.50%. Mondelez International’s payout ratio is 53.97%.

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.