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E Fund Management Co. Ltd. Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mondelez International logo with Consumer Staples background

Key Points

  • E Fund Management Co. Ltd. increased its position in Mondelez International by 88.1%, owning 36,300 shares worth approximately $2.46 million after purchasing an additional 16,998 shares in the first quarter.
  • Mondelez International recently declared a quarterly dividend of $0.50 per share, up from $0.47, representing a 3.3% dividend yield for investors.
  • Analysts have rated Mondelez International as a "Moderate Buy"** with a consensus price target of $71.95, with several firms recently raising their price targets to as high as $78.00.
  • Looking to export and analyze Mondelez International data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

E Fund Management Co. Ltd. increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 88.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,300 shares of the company's stock after acquiring an additional 16,998 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Mondelez International were worth $2,463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Kingswood Wealth Advisors LLC lifted its position in Mondelez International by 15.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares during the last quarter. Canopy Partners LLC lifted its position in Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after purchasing an additional 2,876 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after acquiring an additional 8,544 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Mondelez International by 1.1% in the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after acquiring an additional 1,075 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after acquiring an additional 4,002 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 1.0%

Shares of MDLZ traded up $0.62 during mid-day trading on Friday, hitting $62.08. 5,848,442 shares of the company's stock were exchanged, compared to its average volume of 8,589,398. The company has a market cap of $80.33 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 4.64 and a beta of 0.46. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock's 50-day moving average is $66.86 and its 200-day moving average is $65.53.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders 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 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International's payout ratio is currently 68.86%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" 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 research note on Friday, August 1st. Barclays lifted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Finally, DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $71.95.

Read Our Latest Stock Analysis on MDLZ

Mondelez International Profile

(Free Report)

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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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