Mondelez International, Inc. $MDLZ Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 467,736 shares of the company’s stock after purchasing an additional 52,459 shares during the period. Sei Investments Co.’s holdings in Mondelez International were worth $26,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Mondelez International by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after buying an additional 1,646,213 shares during the last quarter. Capital International Investors grew its stake in Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares in the last quarter. State Street Corp grew its stake in Mondelez International by 1.5% during the 4th quarter. State Street Corp now owns 61,217,193 shares of the company’s stock valued at $3,325,625,000 after acquiring an additional 908,076 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 12.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Mondelez International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after acquiring an additional 108,179 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDLZ. UBS Group boosted their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Barclays increased their price target on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Bank of America lifted their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. upped their target price on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.44.

Mondelez International Stock Performance

Mondelez International stock opened at $60.67 on Tuesday. The firm has a 50 day simple moving average of $60.86 and a 200-day simple moving average of $59.32. The stock has a market cap of $77.88 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.51 and a beta of 0.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $70.32.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts expect that Mondelez International, Inc. will post 3.04 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s payout ratio is currently 99.50%.

Mondelez International Company Profile

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.