Charles Schwab Investment Management Inc. Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Mondelez International, Inc. to approximately $539.47 million, owning about 0.61% of the company after purchasing an additional 6,567 shares.
• Mondelez recently declared a quarterly dividend of $0.50 per share, reflecting an increase from the previous dividend of $0.47, with an annual yield of 3.2%.
• The company reported $0.73 earnings per share for the latest quarter, surpassing estimates, and had a revenue of $8.98 billion, which was higher than the expected $8.82 billion.

Charles Schwab Investment Management Inc. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,950,861 shares of the company's stock after purchasing an additional 6,567 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.61% of Mondelez International worth $539,466,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MDLZ. Hemington Wealth Management grew its stake in shares of Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after buying an additional 156 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after acquiring an additional 160 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its position in Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after purchasing an additional 168 shares during the last quarter. Sound Income Strategies LLC lifted its position in Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after purchasing an additional 168 shares during the last quarter. Finally, Sage Private Wealth Group LLC boosted its position in Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after buying an additional 175 shares during the period. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MDLZ. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Piper Sandler upped their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. One investment 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

Mondelez International Stock Up 0.0%

Shares of NASDAQ MDLZ traded up $0.01 during mid-day trading on Tuesday, hitting $61.57. 2,103,788 shares of the stock traded hands, compared to its average volume of 9,052,733. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market cap of $79.67 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 4.67 and a beta of 0.46. The stock has a fifty day moving average price of $67.16 and a 200-day moving average price of $65.56.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping 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 firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company's quarterly revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

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