MUFG Securities EMEA plc Invests $3.77 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

MUFG Securities EMEA plc acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 60,000 shares of the company’s stock, valued at approximately $3,767,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Burney Co. lifted its stake in shares of Mondelez International by 3.3% in the 1st quarter. Burney Co. now owns 4,813 shares of the company’s stock valued at $302,000 after purchasing an additional 153 shares during the period. Bollard Group LLC increased its holdings in Mondelez International by 0.5% in the 1st quarter. Bollard Group LLC now owns 29,792 shares of the company’s stock worth $1,870,000 after acquiring an additional 153 shares in the last quarter. Advisor Partners LLC increased its holdings in Mondelez International by 0.3% in the 1st quarter. Advisor Partners LLC now owns 51,246 shares of the company’s stock worth $3,217,000 after acquiring an additional 161 shares in the last quarter. Carnegie Capital Asset Management LLC increased its holdings in Mondelez International by 1.4% in the 1st quarter. Carnegie Capital Asset Management LLC now owns 11,801 shares of the company’s stock worth $741,000 after acquiring an additional 163 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in Mondelez International by 64.3% in the 4th quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares in the last quarter. 76.41% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 3.3 %

Shares of MDLZ stock opened at $59.88 on Wednesday. The company’s 50-day moving average price is $62.92 and its 200-day moving average price is $62.86. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. The stock has a market cap of $82.07 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 3.05 and a beta of 0.60. Mondelez International, Inc. has a twelve month low of $57.63 and a twelve month high of $69.47.

Mondelez International (NASDAQ:MDLZGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. The firm had revenue of $7.27 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 2.91 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.385 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.54 dividend on an annualized basis and a yield of 2.57%. This is a boost from Mondelez International’s previous quarterly dividend of $0.35. Mondelez International’s dividend payout ratio is presently 50.91%.

Analyst Ratings Changes

Several equities research analysts recently commented on MDLZ shares. StockNews.com raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. Sanford C. Bernstein upped their target price on shares of Mondelez International to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $73.00 to $70.00 in a report on Monday, July 18th. Piper Sandler dropped their target price on shares of Mondelez International to $72.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Finally, UBS Group dropped their target price on shares of Mondelez International to $73.00 in a report on Friday, July 22nd. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $73.18.

Mondelez International Profile

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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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