Mondelez International, Inc. $MDLZ Shares Acquired by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Mondelez International by 21.4% in Q1, owning 214,356 shares valued at $14.5 million.
• Mondelez reported $0.73 earnings per share (EPS) for the most recent quarter, exceeding analysts' expectations of $0.68, with revenue of $8.98 billion.
• The company increased its quarterly dividend from $0.47 to $0.50 per share, representing a dividend yield of 3.3%.

Ethic Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 21.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,356 shares of the company's stock after purchasing an additional 37,742 shares during the quarter. Ethic Inc.'s holdings in Mondelez International were worth $14,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Mondelez International by 65.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,195 shares of the company's stock worth $556,000 after purchasing an additional 3,228 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in Mondelez International in the first quarter worth $53,112,000. Aberdeen Group plc grew its stake in Mondelez International by 62.4% in the first quarter. Aberdeen Group plc now owns 1,348,674 shares of the company's stock worth $91,076,000 after purchasing an additional 518,357 shares during the period. Horizon Investments LLC boosted its holdings in Mondelez International by 1.8% in the first quarter. Horizon Investments LLC now owns 25,863 shares of the company's stock worth $1,755,000 after acquiring an additional 465 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its holdings in Mondelez International by 17.3% in the first quarter. Azimuth Capital Investment Management LLC now owns 192,476 shares of the company's stock worth $13,059,000 after acquiring an additional 28,396 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Stifel Nicolaus upped their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.62 on Friday, reaching $62.08. The stock had a trading volume of 5,848,442 shares, compared to its average volume of 8,361,275. 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 12-month low of $53.95 and a 12-month high of $76.06. The business's 50-day moving average price is $66.78 and its 200 day moving average price is $65.68. The stock has a market cap of $80.33 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 4.69 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International's dividend payout ratio (DPR) 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.