Brown Advisory Inc. Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Brown Advisory Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 659.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,503,137 shares of the company's stock after purchasing an additional 1,305,332 shares during the quarter. Brown Advisory Inc. owned about 0.12% of Mondelez International worth $101,988,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Checchi Capital Advisers LLC increased its holdings in shares of Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after purchasing an additional 160 shares during the period. Glass Jacobson Investment Advisors llc grew its position in Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after acquiring an additional 168 shares in the last quarter. Sound Income Strategies LLC grew its position in Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares in the last quarter. Baker Avenue Asset Management LP grew its position in Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock worth $284,000 after acquiring an additional 193 shares in the last quarter. Finally, City Holding Co. boosted its position in Mondelez International by 28.0% during the first quarter. City Holding Co. now owns 896 shares of the company's stock valued at $61,000 after buying an additional 196 shares during the period. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Barclays increased their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Piper Sandler lifted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Stock Up 0.4%

Shares of NASDAQ MDLZ traded up $0.25 during midday trading on Thursday, reaching $67.10. 2,925,220 shares of the company's stock traded hands, compared to its average volume of 8,084,911. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The stock's 50 day simple moving average is $67.01 and its 200-day simple moving average is $64.14. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market cap of $86.89 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 5.29 and a beta of 0.48.

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

Mondelez International Dividend Announcement

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