Sarasin & Partners LLP Has $2.95 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sarasin & Partners LLP boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Sarasin & Partners LLP’s holdings in Mondelez International were worth $2,947,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Axiom Advisory LLC raised its holdings in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares during the period. Cadence Bank raised its stake in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after acquiring an additional 148 shares during the period. Evermay Wealth Management LLC boosted its position in Mondelez International by 2.6% during the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after purchasing an additional 149 shares during the period. Sachetta LLC increased its stake in shares of Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its position in shares of Mondelez International by 2.4% in the first quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock valued at $456,000 after purchasing an additional 150 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. DA Davidson cut their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Citigroup upped their target price on shares of Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday. Sanford C. Bernstein reduced their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, Stifel Nicolaus lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $78.41.

Mondelez International Stock Down 0.1 %

MDLZ traded down $0.07 during trading on Friday, reaching $71.07. The stock had a trading volume of 459,825 shares, compared to its average volume of 6,807,698. 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 $94.94 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.87 and a beta of 0.54. The stock’s 50 day moving average is $72.33 and its two-hundred day moving average is $69.56. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. As a group, analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 64.60%.

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.