Putnam Investments LLC Has $3.85 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Putnam Investments LLC reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 55,250 shares of the company’s stock after selling 6,004 shares during the quarter. Putnam Investments LLC’s holdings in Mondelez International were worth $3,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Group LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Mondelez International in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Mondelez International by 80.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 407 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Thompson Investment Management Inc. bought a new stake in shares of Mondelez International in the 1st quarter valued at $28,000. Finally, 25 LLC bought a new position in Mondelez International during the first quarter worth $28,000. 76.16% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.6 %

Shares of MDLZ stock opened at $71.94 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $72.25 and a two-hundred day moving average price of $72.21. Mondelez International, Inc. has a 12-month low of $54.72 and a 12-month high of $78.59. The firm has a market cap of $97.87 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 2.43 and a beta of 0.64.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Mondelez International had a return on equity of 15.49% and a net margin of 12.13%. The firm had revenue of $8.51 billion during the quarter, compared to analyst estimates of $8.22 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Mondelez International, Inc. will post 3.24 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.70 annualized dividend and a yield of 2.36%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.39. Mondelez International’s payout ratio is 56.29%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research analyst reports. Barclays increased their target price on shares of Mondelez International from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. TD Cowen assumed coverage on shares of Mondelez International in a research report on Wednesday, September 13th. They issued an “outperform” rating and a $82.00 price objective on the stock. Piper Sandler lifted their price objective on shares of Mondelez International from $82.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, Morgan Stanley lifted their price objective on shares of Mondelez International from $79.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.63.

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.