Mediolanum International Funds Ltd Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Mediolanum International Funds Ltd increased its stake in Mondelez International by 53.5%, owning 151,996 shares valued at approximately $10.29 million as of the latest filing.
• Mondelez reported an earnings per share (EPS) of $0.74 for the quarter, surpassing analysts' estimates, although its revenue of $9.31 billion was slightly below expectations.
• The company declared a quarterly dividend of $0.47 per share, reflecting an annualized payout of $1.88 and a yield of 2.66%.

Mediolanum International Funds Ltd raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 53.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 151,996 shares of the company's stock after purchasing an additional 52,968 shares during the period. Mediolanum International Funds Ltd's holdings in Mondelez International were worth $10,293,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its position in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after purchasing an additional 975,929 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Mondelez International by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after purchasing an additional 208,181 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Mondelez International by 6.8% in the 4th quarter. Northern Trust Corp now owns 16,252,906 shares of the company's stock worth $970,786,000 after purchasing an additional 1,035,184 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, Piper Sandler boosted their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.72.

Mondelez International Trading Up 0.6%

MDLZ stock traded up $0.40 during trading on Friday, reaching $70.58. The company had a trading volume of 4,520,788 shares, compared to its average volume of 6,836,958. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market cap of $91.39 billion, a P/E ratio of 26.24, a PEG ratio of 5.31 and a beta of 0.48. The business has a 50 day moving average of $67.64 and a 200 day moving average of $65.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. Mondelez International's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

About Mondelez International

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.