Federated Hermes Inc. Has $5.36 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Federated Hermes Inc. increased its position in Mondelez International by 203.6% during the first quarter, owning 78,965 shares valued at approximately $5.36 million.
• Analysts have a consensus rating of Moderate Buy on Mondelez International with a price target of $71.95, following multiple upgrades from various financial institutions.
• Mondelez International announced an increase in its quarterly dividend from $0.47 to $0.50, representing a 3.1% dividend yield for investors.

Federated Hermes Inc. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 203.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,965 shares of the company's stock after buying an additional 52,955 shares during the period. Federated Hermes Inc.'s holdings in Mondelez International were worth $5,358,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Abound Financial LLC bought a new stake in shares of Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the first quarter worth $26,000. Transce3nd LLC acquired a new stake in Mondelez International in the fourth quarter valued at $30,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the period. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. DA Davidson downgraded 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 report on Thursday, April 24th. Morgan Stanley lifted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Sanford C. Bernstein lifted their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $63.93 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $82.78 billion, a P/E ratio of 23.42, a P/E/G ratio of 4.84 and a beta of 0.46. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a 50-day moving average price of $67.73 and a two-hundred day moving average price of $65.35.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. Analysts anticipate 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 will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. 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 dividend yield of 3.1%. Mondelez International's dividend payout ratio (DPR) is 68.86%.

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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