945,491 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Hamlin Capital Management LLC

Key Points

• Hamlin Capital Management LLC acquired 945,491 shares of Mondelez International, valued at approximately $64.15 million, making it the firm's 25th largest holding.
• Mondelez International recently reported $0.73 EPS, exceeding analysts' estimates and reflecting a year-over-year revenue growth of 7.7%.
• The company announced an increase in its quarterly dividend from $0.47 to $0.50 per share, representing a 3.2% yield.

Hamlin Capital Management LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 945,491 shares of the company's stock, valued at approximately $64,152,000. Mondelez International makes up approximately 1.5% of Hamlin Capital Management LLC's portfolio, making the stock its 25th biggest holding. Hamlin Capital Management LLC owned 0.07% of Mondelez International at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in shares of Mondelez International during the first quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the 1st quarter worth about $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDLZ. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $71.95.

Mondelez International Trading Up 1.3%

NASDAQ:MDLZ opened at $62.18 on Thursday. The business's 50 day moving average is $66.96 and its two-hundred day moving average is $65.51. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market cap of $80.45 billion, a PE ratio of 22.77, a P/E/G ratio of 4.64 and a beta of 0.46. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is presently 73.26%.

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.

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