Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,970,204 shares of the company’s stock after purchasing an additional 1,071,719 shares during the period. Dimensional Fund Advisors LP’s holdings in Mondelez International were worth $587,094,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MDLZ. SageView Advisory Group LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $907,000. Gotham Asset Management LLC lifted its position in shares of Mondelez International by 10.4% during the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after purchasing an additional 16,450 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Mondelez International during the first quarter worth $1,686,000. Schroder Investment Management Group grew its holdings in Mondelez International by 35.1% during the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after purchasing an additional 168,639 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Mondelez International by 21.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock worth $11,389,000 after buying an additional 27,379 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.2 %

NASDAQ:MDLZ opened at $75.26 on Monday. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The business has a 50 day simple moving average of $69.72 and a 200 day simple moving average of $69.33. The firm has a market capitalization of $100.95 billion, a P/E ratio of 23.89, a P/E/G ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. Mondelez International’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Piper Sandler lowered their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. TD Cowen cut their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Stifel Nicolaus decreased their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Company 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.