Baader Bank Aktiengesellschaft Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Baader Bank Aktiengesellschaft acquired 4,356 shares of Mondelez International, valued at approximately $290,000, in the first quarter, reflecting interest from institutional investors in the company.
• Analyst ratings for Mondelez International include upgrades from Morgan Stanley and Barclays, with price targets raised to $72.00 and $77.00, respectively, indicating positive market sentiment.
• Mondelez recently announced a dividend increase to $0.50 per share, which indicates a commitment to returning value to shareholders despite a payout ratio of 73.26%.

Baader Bank Aktiengesellschaft bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,356 shares of the company's stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Shields & Co. LLC increased its holdings in shares of Mondelez International by 6.7% in the 1st quarter. Wellington Shields & Co. LLC now owns 4,002 shares of the company's stock worth $272,000 after acquiring an additional 250 shares during the period. Eastern Bank boosted its holdings in shares of Mondelez International by 1.3% in the first quarter. Eastern Bank now owns 263,092 shares of the company's stock worth $17,851,000 after buying an additional 3,409 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Mondelez International by 3.9% in the first quarter. Harvest Fund Management Co. Ltd now owns 81,749 shares of the company's stock worth $5,547,000 after purchasing an additional 3,052 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Mondelez International in the first quarter worth approximately $2,355,000. Finally, Federated Hermes Inc. lifted its position in shares of Mondelez International by 203.6% in the first quarter. Federated Hermes Inc. now owns 78,965 shares of the company's stock worth $5,358,000 after purchasing an additional 52,955 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on MDLZ shares. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Barclays boosted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group dropped their price objective on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday. Finally, DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $64.69 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $67.77 and a 200 day moving average of $65.20. The firm has a market cap of $83.76 billion, a PE ratio of 23.70, a PEG ratio of 4.90 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. On average, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, September 30th. Mondelez International's payout ratio is currently 73.26%.

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.

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