Mondelez International, Inc. $MDLZ Shares Bought by Liberty One Investment Management LLC

Key Points

• Liberty One Investment Management LLC increased its stake in Mondelez International by 1.8% in the second quarter, now holding 393,117 shares valued at approximately $26.5 million, making it the firm's 18th largest holding.
• Mondelez International has recently seen a number of institutional investments, with Price T Rowe Associates increasing its stake by 90.1% and other firms like Natixis Advisors and Brown Advisory making significant purchases.
• The company has increased its quarterly dividend to $0.50 per share, up from $0.47, representing an annualized yield of 3.2% and a payout ratio of 73.26%.

Liberty One Investment Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 393,117 shares of the company's stock after purchasing an additional 6,772 shares during the quarter. Mondelez International comprises approximately 2.7% of Liberty One Investment Management LLC's portfolio, making the stock its 18th largest holding. Liberty One Investment Management LLC's holdings in Mondelez International were worth $26,512,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD increased its stake in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC acquired a new position in Mondelez International in the first quarter valued at $866,843,000. Goldman Sachs Group Inc. increased its stake in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the period. Natixis Advisors LLC increased its stake in Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock valued at $201,549,000 after purchasing an additional 1,775,570 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Mondelez International by 659.9% during the first quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company's stock worth $101,988,000 after acquiring an additional 1,305,332 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDLZ. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating on the stock in a research note on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Mondelez International in a research note on Tuesday, October 14th. Finally, UBS Group dropped their price target on shares of Mondelez International from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.84.

Mondelez International Stock Up 0.6%

MDLZ stock opened at $62.81 on Tuesday. The company has a market cap of $81.27 billion, a P/E ratio of 23.01, a P/E/G ratio of 5.58 and a beta of 0.45. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.82. The company's 50-day moving average price is $62.25 and its 200 day moving average price is $65.21. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a dividend of $0.50 per share. 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 yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International's payout ratio is presently 73.26%.

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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