Vontobel Holding Ltd. Purchases 104,822 Shares of Mondelez International, Inc. $MDLZ

Vontobel Holding Ltd. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,823,545 shares of the company’s stock after buying an additional 104,822 shares during the quarter. Vontobel Holding Ltd.’s holdings in Mondelez International were worth $176,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MDLZ. DAVENPORT & Co LLC boosted its stake in Mondelez International by 0.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 199,322 shares of the company’s stock valued at $12,452,000 after purchasing an additional 978 shares during the last quarter. Monument Capital Management bought a new position in shares of Mondelez International during the third quarter valued at $240,000. Welch Group LLC lifted its holdings in shares of Mondelez International by 3.7% during the third quarter. Welch Group LLC now owns 19,587 shares of the company’s stock valued at $1,224,000 after purchasing an additional 698 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of Mondelez International by 5.6% during the third quarter. OLD National Bancorp IN now owns 19,275 shares of the company’s stock valued at $1,204,000 after buying an additional 1,017 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC bought a new stake in Mondelez International in the 3rd quarter worth about $637,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

MDLZ opened at $54.15 on Wednesday. The company’s 50 day moving average is $56.98 and its 200 day moving average is $62.01. 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 company has a market cap of $69.87 billion, a price-to-earnings ratio of 20.28 and a beta of 0.39. Mondelez International, Inc. has a 12-month low of $53.13 and a 12-month high of $71.15.

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

Mondelez International Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. DA Davidson lowered their target price on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Mizuho decreased their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Finally, Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.58.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.