Mitsubishi UFJ Asset Management UK Ltd. Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. increased its stake in Mondelez International by 300% in Q1, acquiring an additional 6,000 shares to hold a total of 8,000 shares, valued at $543,000.
• Mondelez International reported $0.73 earnings per share (EPS) for its latest quarter, surpassing analysts' expectations and showing a 7.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.50 per share, reflecting an increase from the previous dividend of $0.47, with a dividend yield of 3.2%.

Mitsubishi UFJ Asset Management UK Ltd. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 300.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the company's stock after buying an additional 6,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Mondelez International were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in Mondelez International by 13.9% in 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 during the last quarter. Ameriprise Financial Inc. lifted its position in 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 buying an additional 975,929 shares during the last quarter. Northern Trust Corp increased its stake in 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. Deutsche Bank AG increased its stake in Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares during the period. Finally, Nuveen LLC purchased a new position in Mondelez International in the 1st quarter worth approximately $866,843,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

MDLZ stock opened at $62.18 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The business has a 50 day simple moving average of $66.96 and a 200-day simple moving average of $65.51. The firm has a market capitalization of $80.45 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 4.64 and a beta of 0.46. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.86 earnings per share. Equities research 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. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is 73.26%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDLZ. Piper Sandler boosted their target price on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Stifel Nicolaus raised their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and increased their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and increased their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $71.95.

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.

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