Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 659.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,503,137 shares of the company's stock after acquiring an additional 1,305,332 shares during the quarter. Brown Advisory Inc. owned about 0.12% of Mondelez International worth $101,988,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MDLZ. Abound Financial LLC acquired a new stake in shares of Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International in the first quarter valued at $26,000. Transce3nd LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at $30,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $68.00 to $78.00 in a report on Friday, June 20th. Piper Sandler upped their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $68.19 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The firm has a market cap of $88.29 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 5.33 and a beta of 0.48. The business's 50-day simple moving average is $67.04 and its 200-day simple moving average is $64.12. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.76%. Mondelez International's payout ratio is 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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