Asset Management One Co. Ltd. Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Asset Management One Co. Ltd. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 650,607 shares of the company's stock after buying an additional 12,576 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of Mondelez International worth $44,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Mondelez International by 1.1% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares during the last quarter. MONECO Advisors LLC grew its holdings in shares of Mondelez International by 16.9% during the 4th quarter. MONECO Advisors LLC now owns 4,585 shares of the company's stock valued at $274,000 after purchasing an additional 662 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Mondelez International during the 4th quarter valued at $113,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Piper Sandler raised their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Morgan Stanley raised their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $78.00 in a report on Friday, June 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Trading Up 0.7%

Shares of MDLZ traded up $0.47 during trading hours on Thursday, reaching $67.75. 6,805,754 shares of the company traded hands, compared to its average volume of 8,043,758. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $87.72 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 5.30 and a beta of 0.48. The company's fifty day moving average price is $66.71 and its two-hundred day moving average price is $63.65. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period last year, the company posted $0.93 EPS. Mondelez International's revenue was up .2% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

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.