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

Brown Advisory Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 659.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,503,137 shares of the company's stock after buying an additional 1,305,332 shares during the quarter. Brown Advisory Inc. owned approximately 0.12% of Mondelez International worth $101,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of Mondelez International by 46.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,949 shares of the company's stock worth $2,181,000 after purchasing an additional 10,187 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its stake in shares of Mondelez International by 1.9% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 18,855 shares of the company's stock worth $1,279,000 after purchasing an additional 360 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of Mondelez International during the 1st quarter worth $25,000. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Mondelez International by 35.1% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 14,045 shares of the company's stock worth $953,000 after purchasing an additional 3,646 shares during the last quarter. Finally, Financial Counselors Inc. lifted its stake in shares of Mondelez International by 5.0% during the 1st quarter. Financial Counselors Inc. now owns 34,827 shares of the company's stock worth $2,363,000 after purchasing an additional 1,656 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays upped their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Piper Sandler increased their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. One 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Stock Performance

Mondelez International stock traded up $0.30 during midday trading on Thursday, hitting $67.15. 7,359,378 shares of the company were exchanged, compared to its average volume of 8,106,713. The firm has a market capitalization of $86.95 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 5.18 and a beta of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The business has a fifty day simple moving average of $67.01 and a two-hundred day simple moving average of $64.14. 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 posted its 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. The firm 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%. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. 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.