Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,064 shares of the company's stock after buying an additional 54,314 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Mondelez International were worth $28,379,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MDLZ. Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors raised its stake 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 during the period. Raymond James Financial Inc. acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $256,832,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $189,930,000. Finally, Deutsche Bank AG raised its stake in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after buying an additional 2,002,640 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on MDLZ. UBS Group increased their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Evercore ISI increased their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and increased their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $67.78 on Friday. The stock has a market cap of $87.76 billion, a PE ratio of 25.20, a P/E/G ratio of 5.25 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a fifty day simple moving average of $66.73 and a 200-day simple moving average of $63.74.

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 for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is presently 69.89%.

Mondelez International Company Profile

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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