Continental Investors Services Inc. Invests $310,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Continental Investors Services Inc. bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,992 shares of the company’s stock, valued at approximately $310,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Mondelez International by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 121,438,592 shares of the company’s stock worth $6,658,478,000 after buying an additional 3,301,344 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Mondelez International by 0.5% during the 3rd quarter. BlackRock Inc. now owns 95,834,747 shares of the company’s stock worth $5,254,618,000 after buying an additional 438,398 shares during the last quarter. State Street Corp lifted its stake in shares of Mondelez International by 0.6% during the 3rd quarter. State Street Corp now owns 60,670,936 shares of the company’s stock worth $3,349,681,000 after buying an additional 363,764 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 18.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 26,917,893 shares of the company’s stock worth $1,476,488,000 after buying an additional 4,272,750 shares during the last quarter. Finally, FMR LLC raised its stake in Mondelez International by 27.1% in the 2nd quarter. FMR LLC now owns 25,473,749 shares of the company’s stock worth $1,581,665,000 after purchasing an additional 5,433,813 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Mondelez International Trading Down 0.8 %

Shares of Mondelez International stock opened at $66.40 on Friday. The firm has a market capitalization of $90.52 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.94 and a beta of 0.65. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average is $65.71 and its 200 day moving average is $63.72. Mondelez International, Inc. has a 1 year low of $54.72 and a 1 year high of $68.81.

Mondelez International (NASDAQ:MDLZ – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. The company had revenue of $8.70 billion for the quarter, compared to analyst estimates of $8.30 billion. Mondelez International had a net margin of 8.63% and a return on equity of 15.04%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.17 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, March 30th. Mondelez International’s dividend payout ratio (DPR) is presently 78.57%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b+” rating in a research note on Monday, December 12th. Mizuho lifted their price objective on shares of Mondelez International from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 6th. UBS Group cut shares of Mondelez International from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $70.00 to $71.00 in a research note on Thursday, December 8th. Piper Sandler lifted their price objective on shares of Mondelez International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 1st. Finally, StockNews.com assumed coverage on shares of Mondelez International in a research note on Thursday. They issued a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Company Profile

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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.