Holocene Advisors LP Grows Stock Position in Mondelez International, Inc. $MDLZ

Holocene Advisors LP raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,537,484 shares of the company’s stock after acquiring an additional 975,184 shares during the period. Mondelez International makes up approximately 1.1% of Holocene Advisors LP’s portfolio, making the stock its 14th biggest position. Holocene Advisors LP’s holdings in Mondelez International were worth $440,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Soundwatch Capital LLC purchased a new position in Mondelez International during the second quarter worth approximately $27,000. Rossby Financial LCC raised its position in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the period. Aspect Partners LLC boosted its holdings in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in Mondelez International during the second quarter valued at about $33,000. Finally, Saudi Central Bank acquired a new stake in Mondelez International during the first quarter worth about $36,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ opened at $54.04 on Friday. Mondelez International, Inc. has a twelve month low of $53.13 and a twelve month high of $71.15. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The firm has a market cap of $69.73 billion, a price-to-earnings ratio of 20.24 and a beta of 0.39. The company has a fifty day simple moving average of $58.02 and a 200 day simple moving average of $62.69.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion during the quarter. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s payout ratio is 74.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MDLZ shares. DA Davidson reduced their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Evercore ISI dropped their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Bank of America reduced their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Sanford C. Bernstein decreased their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.95.

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.