Guinness Asset Management LTD Has $204.38 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Guinness Asset Management LTD increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,029,642 shares of the company’s stock after acquiring an additional 44,189 shares during the quarter. Mondelez International comprises 3.7% of Guinness Asset Management LTD’s holdings, making the stock its 15th largest holding. Guinness Asset Management LTD owned about 0.23% of Mondelez International worth $204,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the period. GAMMA Investing LLC raised its stake in Mondelez International by 21.1% during the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after buying an additional 3,193 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Mondelez International by 14.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 419,064 shares of the company’s stock worth $28,379,000 after buying an additional 54,314 shares during the last quarter. BSW Wealth Partners lifted its holdings in Mondelez International by 53.2% in the first quarter. BSW Wealth Partners now owns 6,390 shares of the company’s stock valued at $434,000 after buying an additional 2,218 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Mondelez International by 42.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,389,527 shares of the company’s stock valued at $94,001,000 after acquiring an additional 414,464 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $60.77 on Monday. The business’s fifty day moving average is $62.22 and its 200 day moving average is $65.11. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a market cap of $78.63 billion, a P/E ratio of 22.26, a P/E/G ratio of 5.44 and a beta of 0.45.

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

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is 73.26%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research analyst reports. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Stifel Nicolaus lifted their target price on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company cut their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.22.

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.