Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by CX Institutional

CX Institutional grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,369 shares of the company’s stock after purchasing an additional 483 shares during the period. CX Institutional’s holdings in Mondelez International were worth $3,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Norges Bank purchased a new stake in Mondelez International in the 4th quarter valued at approximately $1,231,413,000. Vanguard Group Inc. lifted its stake in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares during the period. Capital Research Global Investors lifted its stake in shares of Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. First Trust Advisors LP lifted its stake in shares of Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after purchasing an additional 2,483,972 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MDLZ shares. Wells Fargo & Company reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. DA Davidson cut their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Piper Sandler increased their target price on Mondelez International from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Bank of America cut their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Citigroup cut their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.06.

Mondelez International Stock Down 0.4 %

Shares of Mondelez International stock opened at $69.98 on Friday. The business has a 50-day moving average of $66.94 and a 200-day moving average of $69.72. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. The company has a market capitalization of $93.87 billion, a PE ratio of 22.31, a P/E/G ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.69%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Mondelez International 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.