Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Auto Owners Insurance Co

Auto Owners Insurance Co raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3,049.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,800 shares of the company's stock after purchasing an additional 323,200 shares during the period. Auto Owners Insurance Co's holdings in Mondelez International were worth $24,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Madison Asset Management LLC acquired a new position in shares of Mondelez International during the first quarter worth $940,000. Beacon Investment Advisory Services Inc. grew its stake in shares of Mondelez International by 30.5% during the first quarter. Beacon Investment Advisory Services Inc. now owns 4,976 shares of the company's stock worth $338,000 after purchasing an additional 1,162 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Mondelez International by 0.7% during the first quarter. KLP Kapitalforvaltning AS now owns 517,704 shares of the company's stock worth $35,333,000 after purchasing an additional 3,500 shares in the last quarter. Choreo LLC grew its stake in shares of Mondelez International by 1.2% during the first quarter. Choreo LLC now owns 80,308 shares of the company's stock worth $5,486,000 after purchasing an additional 980 shares in the last quarter. Finally, Obermeyer Wealth Partners grew its stake in shares of Mondelez International by 11.6% during the first quarter. Obermeyer Wealth Partners now owns 8,943 shares of the company's stock worth $607,000 after purchasing an additional 931 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.01 during trading on Thursday, reaching $70.18. The company's stock had a trading volume of 6,015,137 shares, compared to its average volume of 9,051,058. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The firm has a market cap of $90.87 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 5.33 and a beta of 0.48. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The business's fifty day moving average price is $67.43 and its 200-day moving average price is $64.75.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 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 for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the business posted $0.93 earnings per share. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.68%. Mondelez International's dividend payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. UBS Group boosted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Piper Sandler boosted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.72.

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.