AIA Group Ltd Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• AIA Group Ltd increased its stock holdings in Mondelez International by 30.9% during the 1st quarter, owning a total of 44,386 shares valued at approximately $3 million.
• Mondelez International declared a quarterly dividend of $0.50 per share, up from the previous $0.47, with an annualized yield of 3.2%.
• Despite positive earnings results, Mondelez International's stock is down 0.4%, with a current share price of $61.58 and analysts maintaining a consensus rating of "Moderate Buy."

AIA Group Ltd boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,386 shares of the company's stock after buying an additional 10,490 shares during the quarter. AIA Group Ltd's holdings in Mondelez International were worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its position in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares during the last quarter. Canopy Partners LLC raised its holdings in shares of Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after acquiring an additional 2,876 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Mondelez International by 23.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after acquiring an additional 8,544 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after acquiring an additional 4,002 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Stifel Nicolaus upped their target price on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Sanford C. Bernstein upped their target price on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Piper Sandler increased 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. Finally, Morgan Stanley increased their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. One equities research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.62 during trading on Friday, hitting $62.08. 5,848,442 shares of the company's stock traded hands, compared to its average volume of 8,589,398. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock has a market capitalization of $80.33 billion, a P/E ratio of 22.74, a PEG ratio of 4.64 and a beta of 0.46. The business has a 50-day simple moving average of $66.78 and a 200-day simple moving average of $65.57.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $8.82 billion. During the same period 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, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders 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 is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International's payout ratio is 68.86%.

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.