12,775,875 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Mondelez International, investing approximately $866.84 million for 12,775,875 shares, which equates to around 0.99% of the company.
• Mondelez International recently reported earnings of $0.73 per share for the last quarter, exceeding analysts' estimates, with a revenue of $8.98 billion, which is a 7.7% increase year-over-year.
• The company plans to increase its quarterly dividend to $0.50 per share, representing an annualized dividend of $2.00 and a yield of 3.2%, marking a rise from the previous dividend of $0.47.

Nuveen LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,775,875 shares of the company's stock, valued at approximately $866,843,000. Nuveen LLC owned about 0.99% of Mondelez International at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock valued at $851,327,000 after buying an additional 137,604 shares during the last quarter. Fiduciary Family Office LLC purchased a new stake in shares of Mondelez International during the first quarter valued at $548,000. Benjamin Edwards Inc. grew its holdings in shares of Mondelez International by 19.6% during the first quarter. Benjamin Edwards Inc. now owns 501,976 shares of the company's stock valued at $34,059,000 after buying an additional 82,144 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Mondelez International during the first quarter valued at $2,414,000. Finally, Townsquare Capital LLC grew its holdings in shares of Mondelez International by 75.2% during the first quarter. Townsquare Capital LLC now owns 196,416 shares of the company's stock valued at $13,327,000 after buying an additional 84,298 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.17 during trading hours on Tuesday, reaching $61.39. The stock had a trading volume of 7,373,323 shares, compared to its average volume of 8,531,562. The stock's 50 day moving average is $67.16 and its 200 day moving average is $65.56. The firm has a market capitalization of $79.43 billion, a PE ratio of 22.49, a PEG ratio of 4.65 and a beta of 0.46. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

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. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International's payout ratio is currently 68.86%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MDLZ. Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Piper Sandler boosted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. UBS Group dropped their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $71.95.

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.