Aberdeen Group plc Has $91.08 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Aberdeen Group plc increased its stake in Mondelez International by 62.4% in Q1, now owning 1,348,674 shares valued at approximately $91.08 million.
• Mondelez International reported a quarterly earnings per share of $0.73, surpassing analysts' expectations of $0.68, while its revenue rose by 7.7% to $8.98 billion.
• The company declared a quarterly dividend of $0.50 per share, an increase from the previous $0.47, with an annualized yield of 3.2%.

Aberdeen Group plc lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 62.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,348,674 shares of the company's stock after purchasing an additional 518,357 shares during the period. Aberdeen Group plc owned 0.10% of Mondelez International worth $91,076,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Nuveen LLC bought a new position in Mondelez International in the first quarter valued at about $866,843,000. Capital Research Global Investors boosted its holdings in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Mondelez International in the first quarter valued at about $189,930,000. Finally, Deutsche Bank AG boosted its holdings in Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDLZ. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus raised their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and raised their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Sanford C. Bernstein raised their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Stock Down 0.4%

Shares of NASDAQ MDLZ traded down $0.24 during mid-day trading on Monday, reaching $61.84. 5,063,898 shares of the company's stock were exchanged, compared to its average volume of 8,361,275. The firm has a market capitalization of $80.02 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 4.69 and a beta of 0.46. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $66.68 and a 200 day simple moving average of $65.70. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $8.82 billion. During the same quarter last year, the firm posted $0.86 earnings per share. Mondelez International's revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is 68.86%.

About Mondelez International

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.