ASR Vermogensbeheer N.V. Takes $8.48 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• ASR Vermogensbeheer N.V. purchased 124,942 shares of Mondelez International, valued at approximately $8,477,000, during the first quarter.
• Mondelez International recently announced a quarterly dividend of $0.50, reflecting an increase from the previous $0.47, with a dividend yield of 3.2%.
• The company reported a 7.7% year-over-year increase in quarterly revenue, totaling $8.98 billion, surpassing analysts' expectations.

ASR Vermogensbeheer N.V. bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 124,942 shares of the company's stock, valued at approximately $8,477,000.

A number of other hedge funds have also recently bought and sold shares of MDLZ. Capital Research Global Investors grew its position in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares in the last quarter. Northern Trust Corp grew its position in shares of Mondelez International by 6.8% in the 4th quarter. Northern Trust Corp now owns 16,252,906 shares of the company's stock worth $970,786,000 after acquiring an additional 1,035,184 shares in the last quarter. Deutsche Bank AG grew its position in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after acquiring an additional 3,454,174 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

Mondelez International stock traded down $1.10 during mid-day trading on Monday, hitting $60.73. 3,736,408 shares of the company's stock traded hands, compared to its average volume of 9,034,431. The firm has a 50 day moving average price of $67.28 and a 200 day moving average price of $65.53. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market cap of $78.63 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 4.67 and a beta of 0.46. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The company's quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is presently 73.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MDLZ. UBS Group decreased their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Evercore ISI boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Piper Sandler boosted their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.95.

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.