Invesco Ltd. Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Invesco Ltd. increased its stake in Mondelez International by 1.1%, acquiring an additional 137,604 shares in the first quarter, bringing its ownership to approximately 12.5 million shares worth about $851 million.
• Mondelez International reported $0.73 earnings per share for the last quarter, exceeding the expected $0.68, with revenue reaching $8.98 billion, a 7.7% increase year-over-year.
• The company announced a quarterly dividend increase to $0.50 per share, up from $0.47, with a dividend yield of 3.2%, reflecting its strong financial performance.

Invesco Ltd. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,547,186 shares of the company's stock after buying an additional 137,604 shares during the period. Invesco Ltd. owned approximately 0.97% of Mondelez International worth $851,327,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after acquiring an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in Mondelez International by 1.1% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after acquiring an additional 3,706 shares during the period. Federated Hermes Inc. raised its holdings in Mondelez International by 65.3% during the 4th quarter. Federated Hermes Inc. now owns 26,010 shares of the company's stock valued at $1,554,000 after acquiring an additional 10,279 shares during the period. FIL Ltd raised its holdings in Mondelez International by 93.6% during the 4th quarter. FIL Ltd now owns 11,137 shares of the company's stock valued at $665,000 after acquiring an additional 5,383 shares during the period. Finally, DRW Securities LLC increased its holdings in shares of Mondelez International by 8.1% in the fourth quarter. DRW Securities LLC now owns 3,649 shares of the company's stock worth $218,000 after purchasing an additional 274 shares during the period. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MDLZ shares. UBS Group decreased their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus upped their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Barclays upped their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Stock Down 0.3%

Shares of MDLZ stock traded down $0.17 during trading hours on Tuesday, hitting $61.39. 7,373,323 shares of the company's stock traded hands, compared to its average volume of 8,531,562. The stock's fifty day simple moving average is $67.16 and its two-hundred day simple moving average is $65.56. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market cap of $79.43 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 4.65 and a beta of 0.46. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. On average, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is presently 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.