Congress Asset Management Co. Grows Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Congress Asset Management Co. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 34.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,004 shares of the company's stock after purchasing an additional 36,095 shares during the period. Congress Asset Management Co.'s holdings in Mondelez International were worth $9,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Norges Bank acquired a new position in Mondelez International in the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors increased its stake in Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new stake in Mondelez International during the 4th quarter worth approximately $256,832,000. Van ECK Associates Corp increased its position in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after purchasing an additional 3,282,937 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.3%

MDLZ stock opened at $66.15 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market capitalization of $85.65 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a fifty day moving average of $66.43 and a 200-day moving average of $63.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.84%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MDLZ shares. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Piper Sandler upped their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Barclays upped their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley upped their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $70.11.

Mondelez International 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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