HighTower Advisors LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,335,891 shares of the company's stock after acquiring an additional 29,245 shares during the period. HighTower Advisors LLC owned about 0.10% of Mondelez International worth $90,640,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in Mondelez International in the first quarter valued at $866,843,000. Capital Research Global Investors lifted its position in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Mondelez International in the first quarter valued at $189,930,000. Finally, Deutsche Bank AG raised its holdings in shares of Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after buying an additional 2,002,640 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on MDLZ shares. Barclays upped their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus upped their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Piper Sandler boosted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.95.
Get Our Latest Report on Mondelez International
Mondelez International Stock Up 1.0%
MDLZ traded up $0.62 on Friday, reaching $62.08. 5,848,442 shares of the company traded hands, compared to its average volume of 9,037,565. The stock's 50 day moving average price is $66.86 and its 200-day moving average price is $65.53. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market cap of $80.33 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 4.70 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the previous year, the company earned $0.86 earnings per share. Mondelez International's revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is currently 68.86%.
Mondelez International Company Profile
(
Free Report)
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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