Quad Cities Investment Group LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,773 shares of the company’s stock, valued at approximately $202,000.
A number of other large investors also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 4.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,005,957 shares of the company’s stock worth $2,301,176,000 after purchasing an additional 1,402,820 shares during the period. FMR LLC increased its position in shares of Mondelez International by 6.4% during the 1st quarter. FMR LLC now owns 29,701,526 shares of the company’s stock valued at $2,070,790,000 after purchasing an additional 1,789,729 shares during the last quarter. Geode Capital Management LLC increased its holdings in Mondelez International by 1.0% during the first quarter. Geode Capital Management LLC now owns 25,228,205 shares of the company’s stock valued at $1,754,468,000 after buying an additional 241,380 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Mondelez International by 116,165.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after purchasing an additional 23,368,990 shares during the period. Finally, Morgan Stanley raised its stake in shares of Mondelez International by 25.8% in the fourth quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock worth $1,516,305,000 after buying an additional 4,663,166 shares during the period. Hedge funds and other institutional investors own 76.16% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on MDLZ shares. Piper Sandler boosted their target price on shares of Mondelez International from $82.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. TD Cowen assumed coverage on Mondelez International in a research report on Wednesday, September 13th. They set an “outperform” rating and a $82.00 target price for the company. Morgan Stanley upped their price target on shares of Mondelez International from $79.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Barclays upped their target price on Mondelez International from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.63.
Mondelez International Stock Down 0.1 %
MDLZ stock opened at $71.86 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $72.25 and a two-hundred day moving average of $72.21. Mondelez International, Inc. has a 12 month low of $54.72 and a 12 month high of $78.59. The company has a market cap of $97.76 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.45 and a beta of 0.64.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its earnings results on Thursday, July 27th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $8.51 billion for the quarter, compared to the consensus estimate of $8.22 billion. Mondelez International had a net margin of 12.13% and a return on equity of 15.49%. Mondelez International’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. As a group, analysts forecast that Mondelez International, Inc. will post 3.24 earnings per share for the current fiscal year.
Mondelez International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.37%. The ex-dividend date is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.39. Mondelez International’s dividend payout ratio (DPR) is 50.99%.
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.
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