Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,976 shares of the company's stock after purchasing an additional 3,889 shares during the period. Ballentine Partners LLC's holdings in Mondelez International were worth $1,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Abound Financial LLC acquired a new stake in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. acquired a new stake in Mondelez International during the first quarter valued at approximately $31,000. Finally, Orion Capital Management LLC acquired a new stake in Mondelez International during the fourth quarter valued at approximately $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $78.00 in a research report on Friday, June 20th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Piper Sandler upped their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Finally, UBS Group upped their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Stock Up 0.0%

Mondelez International stock opened at $67.18 on Monday. The firm's 50 day moving average price is $66.99 and its two-hundred day moving average price is $64.31. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $86.99 billion, a PE ratio of 24.97, a P/E/G ratio of 5.21 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the prior year, the business posted $0.93 EPS. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. On average, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. Mondelez International's dividend payout ratio (DPR) is 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.

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