Mondelez International, Inc. (NASDAQ:MDLZ) Position Boosted by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,370 shares of the company’s stock after purchasing an additional 530 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Mondelez International were worth $543,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Axiom Advisory LLC lifted its position in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares during the last quarter. Cadence Bank lifted its position in shares of Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after purchasing an additional 148 shares during the last quarter. Evermay Wealth Management LLC lifted its position in shares of Mondelez International by 2.6% during the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after purchasing an additional 149 shares during the last quarter. Sachetta LLC lifted its position in shares of Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its position in shares of Mondelez International by 1.4% during the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research analyst reports. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Barclays lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.35.

Mondelez International Trading Up 0.3 %

Mondelez International stock traded up $0.23 during midday trading on Monday, reaching $69.46. The stock had a trading volume of 795,713 shares, compared to its average volume of 6,738,740. The firm’s fifty day simple moving average is $72.54 and its two-hundred day simple moving average is $69.71. Mondelez International, Inc. has a twelve month low of $64.18 and a twelve 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 firm has a market cap of $93.17 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company 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 revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.71%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

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.