China Universal Asset Management Co. Ltd. Buys 10,187 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

China Universal Asset Management Co. Ltd. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 46.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,949 shares of the company's stock after acquiring an additional 10,187 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Mondelez International were worth $2,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi increased its position in Mondelez International by 20.1% in the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after buying an additional 478,225 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after buying an additional 1,013 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Mondelez International by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock worth $27,343,000 after buying an additional 4,121 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Mondelez International by 23.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after buying an additional 8,544 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its position in Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after buying an additional 4,002 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.03 during trading hours on Friday, hitting $67.18. 6,171,071 shares of the company's stock traded hands, compared to its average volume of 8,101,576. The firm has a market cap of $86.99 billion, a P/E ratio of 24.97, a P/E/G ratio of 5.20 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business's fifty day simple moving average is $66.99 and its two-hundred day simple moving average is $64.25. 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, beating the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and raised their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Barclays raised their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group raised their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Stifel Nicolaus lifted their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.63.

About Mondelez International

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.