DekaBank Deutsche Girozentrale Buys 87,806 Shares of Mondelez International, Inc. $MDLZ

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Mondelez International by 3.6%, acquiring an additional 87,806 shares, bringing its total ownership to approximately 2.55 million shares valued at $169.96 million.
• Several institutional investors, including Price T Rowe Associates and Goldman Sachs, significantly raised their holdings in Mondelez during the first quarter, indicating strong institutional interest in the stock.
• Mondelez International recently declared an increased quarterly dividend of $0.50 per share, reflecting a commitment to returning value to shareholders amidst a current yield of 3.2%.

DekaBank Deutsche Girozentrale increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,545,820 shares of the company's stock after acquiring an additional 87,806 shares during the period. DekaBank Deutsche Girozentrale owned about 0.20% of Mondelez International worth $169,959,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD raised its holdings 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 worth $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in Mondelez International during the first quarter worth about $866,843,000. Goldman Sachs Group Inc. raised its holdings in Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after acquiring an additional 3,454,174 shares in the last quarter. Natixis Advisors LLC raised its stake in Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock valued at $201,549,000 after buying an additional 1,775,570 shares during the period. Finally, Brown Advisory Inc. raised its stake in Mondelez International by 659.9% in the first quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company's stock valued at $101,988,000 after buying an additional 1,305,332 shares during the period. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. UBS Group dropped their price objective on Mondelez International from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $75.00 to $74.00 and set an "overweight" rating on the stock in a research note on Friday. Weiss Ratings restated a "hold (c)" rating on shares of Mondelez International in a research note on Tuesday, October 14th. Morgan Stanley dropped their price objective on Mondelez International from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th. Finally, Wells Fargo & Company dropped their price objective on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.84.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.81 on Tuesday. The firm has a market cap of $81.27 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45. 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, Inc. has a 1-year low of $53.95 and a 1-year high of $71.82. The business's 50 day moving average is $62.25 and its 200-day moving average is $65.21.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a dividend of $0.50 per share. 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 yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) 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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