Bleakley Financial Group LLC Acquires 12,577 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Bleakley Financial Group LLC significantly increased its stake in Mondelez International by 41.9%, buying an additional 12,577 shares to own a total of 42,571 shares valued at approximately $2.87 million.
• Institutional investors hold 78.32% of Mondelez International's stock, indicating strong interest from large financial entities.
• Mondelez recently declared a quarterly dividend of $0.50 per share, an increase from its previous dividend of $0.47, resulting in an annualized yield of 3.3%.

Bleakley Financial Group LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 41.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,571 shares of the company's stock after buying an additional 12,577 shares during the quarter. Bleakley Financial Group LLC's holdings in Mondelez International were worth $2,871,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD grew its position in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC bought a new position in shares of Mondelez International in the first quarter worth approximately $866,843,000. Goldman Sachs Group Inc. boosted its position in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the period. Natixis Advisors LLC boosted its position in shares of Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock worth $201,549,000 after purchasing an additional 1,775,570 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Mondelez International by 659.9% in the first quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company's stock worth $101,988,000 after purchasing an additional 1,305,332 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MDLZ shares. UBS Group dropped their price target on shares of Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Piper Sandler upped their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Mondelez International in a research report on Tuesday, October 14th. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating for the company in a research report on Friday, October 17th. Finally, Berenberg Bank lowered shares of Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Thursday, October 2nd. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.22.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $60.77 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The firm has a fifty day moving average price of $62.22 and a 200 day moving average price of $65.11. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The firm has a market cap of $78.63 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 5.46 and a beta of 0.45.

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. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion during the quarter. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International's payout ratio is currently 73.26%.

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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