Vanguard Personalized Indexing Management LLC Purchases 42,579 Shares of Mondelez International, Inc. $MDLZ

Vanguard Personalized Indexing Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 24.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 219,583 shares of the company’s stock after buying an additional 42,579 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Mondelez International were worth $14,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new position in Mondelez International during the first quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $33,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MDLZ shares. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Barclays upped their price objective on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. started coverage on Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.55.

Mondelez International Stock Up 0.7%

Shares of MDLZ opened at $61.45 on Friday. The company has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70. The business’s 50 day simple moving average is $62.28 and its 200-day simple moving average is $65.45.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s payout ratio is 73.26%.

About Mondelez International

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.