Mondelez International, Inc. $MDLZ Shares Bought by Sei Investments Co.

Key Points

• Sei Investments increased its Mondelez stake by 12.6% in the first quarter, adding 52,459 shares for a total of 467,736 shares valued at approximately $27 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Mondelez reported quarterly EPS of $0.67, exceeding estimates by $0.06, while revenue rose 8.2% year over year to $10.08 billion. The stock opened at $60.67, with a market capitalization of $77.88 billion.
• The company declared a quarterly dividend of $0.50 per share, equivalent to a 3.3% annual yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $66.44.

Sei Investments Co. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 467,736 shares of the company's stock after purchasing an additional 52,459 shares during the period. Sei Investments Co.'s holdings in Mondelez International were worth $26,961,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MDLZ. J.Safra Asset Management Corp purchased a new stake in shares of Mondelez International during the fourth quarter valued at $25,000. Advocate Investing Services LLC purchased a new position in Mondelez International in the 4th quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in Mondelez International in the 4th quarter worth $28,000. High Point Wealth Management LLC acquired a new stake in Mondelez International during the 4th quarter worth about $30,000. Finally, McIlrath & Eck LLC acquired a new stake in Mondelez International during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $60.67 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The company has a fifty day moving average of $60.86 and a two-hundred day moving average of $59.32. The stock has a market capitalization of $77.88 billion, a PE ratio of 30.18, a P/E/G ratio of 2.51 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $70.32.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the firm posted $0.76 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. As a group, research analysts forecast that Mondelez International, Inc. will post 3.04 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. Mondelez International's dividend payout ratio is 99.50%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MDLZ. TD Cowen increased their price target on shares of Mondelez International from $65.00 to $67.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Bank of America increased their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, April 10th. UBS Group raised their target price on shares of Mondelez International from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 29th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $66.44.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company's product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.

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