Brandywine Global Investment Management LLC Purchases Shares of 782,783 Mondelez International, Inc. $MDLZ

Key Points

• Brandywine Global Investment Management LLC has taken a new stake in Mondelez International, acquiring 782,783 shares worth approximately $53 million during the first quarter.
• Mondelez International recently reported quarterly earnings of $0.73 EPS, exceeding analyst expectations, with revenue of $8.98 billion reflecting a 7.7% increase year-over-year.
• The company declared a quarterly dividend increase to $0.50 per share, representing a yield of 3.3%, to be paid on October 14th, rewarding shareholders with an annualized payment of $2.00.

Brandywine Global Investment Management LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 782,783 shares of the company's stock, valued at approximately $53,112,000. Brandywine Global Investment Management LLC owned about 0.06% of Mondelez International at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Financial LLC bought a new stake in Mondelez International during the first quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International during the first quarter worth $26,000. Transce3nd LLC acquired a new position in shares of Mondelez International during the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International during the fourth quarter worth $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Stifel Nicolaus upped their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. 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 report on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Evercore ISI upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Stock Down 0.4%

Mondelez International stock traded down $0.24 during midday trading on Monday, reaching $61.84. The stock had a trading volume of 5,063,898 shares, compared to its average volume of 8,361,275. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $80.02 billion, a P/E ratio of 22.65, a PEG ratio of 4.69 and a beta of 0.46. The company has a fifty day moving average price of $66.78 and a two-hundred day moving average price of $65.68. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm's revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is presently 68.86%.

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.