Asset Management One Co. Ltd. Has $47.53 Million Stake in Mondelez International, Inc. $MDLZ

Key Points

• Asset Management One Co. Ltd. increased its stake in Mondelez International by 8.3%, owning approximately 704,729 shares worth about $47.53 million as of its latest SEC filing.
• Mondelez International recently raised its quarterly dividend to $0.50, reflecting an annualized dividend of $2.00 and a yield of 3.3%.
• The company's stock trades at around $60.77 with a market cap of $78.63 billion, while analysts anticipate a consensus price target of $70.22 for the stock.

Asset Management One Co. Ltd. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 704,729 shares of the company's stock after purchasing an additional 54,122 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of Mondelez International worth $47,527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Financial LLC acquired a new position in shares of Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International in the first quarter valued at approximately $26,000. North Capital Inc. acquired a new position in shares of Mondelez International in the first quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Mondelez International in the second quarter valued at approximately $33,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Down 0.4%

Shares of MDLZ stock opened at $60.77 on Friday. The stock's fifty day moving average price is $62.22 and its two-hundred day moving average price is $65.11. The company has a market cap of $78.63 billion, a PE ratio of 22.26, a P/E/G ratio of 5.46 and a beta of 0.45. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is 73.26%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDLZ. Evercore ISI reduced their price target on Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a research report on Friday, September 26th. Weiss Ratings reissued a "hold (c)" rating on shares of Mondelez International in a research report on Tuesday, October 14th. Sanford C. Bernstein increased their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company reduced their price target on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Finally, Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and a consensus price target of $70.22.

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.

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