14,321 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,321 shares of the company's stock, valued at approximately $972,000.

Several other large investors have also added to or reduced their stakes in MDLZ. Norges Bank bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $1,118,755,000. Capital Research Global Investors raised its position in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Mondelez International during the first quarter valued at approximately $189,930,000. Deutsche Bank AG raised its position in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after buying an additional 2,002,640 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $104,065,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Morgan Stanley boosted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Barclays lifted their price objective 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. Finally, Evercore ISI lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.72.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.01 during midday trading on Friday, reaching $69.81. 10,412,195 shares of the stock were exchanged, compared to its average volume of 8,107,952. The firm has a market cap of $90.39 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 5.40 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 firm has a 50-day simple moving average of $67.10 and a two-hundred day simple moving average of $64.57. 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 posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the firm posted $0.93 EPS. Mondelez International's revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.69%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

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.