Vaughan Nelson Investment Management L.P. Purchases 230,328 Shares of Mondelez International, Inc. $MDLZ

Vaughan Nelson Investment Management L.P. boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,522,194 shares of the company’s stock after purchasing an additional 230,328 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.12% of Mondelez International worth $95,091,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Mondelez International by 11.3% during the first quarter. Integrated Wealth Concepts LLC now owns 43,963 shares of the company’s stock worth $2,983,000 after purchasing an additional 4,469 shares during the period. Kestra Investment Management LLC increased its holdings in shares of Mondelez International by 3,197.7% in the first quarter. Kestra Investment Management LLC now owns 1,418 shares of the company’s stock valued at $96,000 after purchasing an additional 1,375 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of Mondelez International by 38.6% in the first quarter. Ashton Thomas Private Wealth LLC now owns 55,232 shares of the company’s stock valued at $3,773,000 after purchasing an additional 15,385 shares during the period. Finally, Ascent Group LLC lifted its stake in shares of Mondelez International by 56.1% during the 1st quarter. Ascent Group LLC now owns 46,658 shares of the company’s stock worth $3,166,000 after buying an additional 16,768 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MDLZ shares. Morgan Stanley reduced their target price on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. DA Davidson decreased their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Sanford C. Bernstein lowered their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Stifel Nicolaus reduced their price target on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, Mizuho decreased their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Trading Down 1.9%

Shares of MDLZ stock opened at $52.73 on Wednesday. The stock has a market cap of $68.04 billion, a P/E ratio of 19.75 and a beta of 0.39. Mondelez International, Inc. has a 1 year low of $52.70 and a 1 year high of $71.15. 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 stock has a 50 day simple moving average of $55.50 and a 200 day simple moving average of $61.10.

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

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.8%. Mondelez International’s dividend payout ratio is currently 74.91%.

Mondelez International 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.