PNC Financial Services Group Inc. Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• PNC Financial Services Group Inc. increased its stake in Mondelez International by 1.1% in Q1, now holding 2,151,683 shares valued at approximately $145.99 million.
• Mondelez International recently raised its quarterly dividend from $0.47 to $0.50 per share, representing a yield of 3.1% and a total annualized payout of $2.00.
• Analysts have a consensus rating of "Moderate Buy" for Mondelez International, with an average price target of $71.95, reflecting positive sentiment despite some fluctuations in target prices from various research firms.

PNC Financial Services Group Inc. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,151,683 shares of the company's stock after buying an additional 22,611 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.17% of Mondelez International worth $145,992,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Checchi Capital Advisers LLC lifted its holdings in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after acquiring an additional 160 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Mondelez International by 6.7% in the 4th 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 during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares during the last quarter. Sage Private Wealth Group LLC lifted its holdings in shares of Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after acquiring an additional 175 shares during the last quarter. Finally, Verus Financial Partners Inc. lifted its holdings in shares of Mondelez International by 3.7% in the 1st quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock worth $340,000 after acquiring an additional 179 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.1%

NASDAQ:MDLZ traded up $0.06 during midday trading on Thursday, hitting $62.13. 749,933 shares of the company were exchanged, compared to its average volume of 9,052,476. The company has a fifty day simple moving average of $67.49 and a 200 day simple moving average of $65.35. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week 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. The company has a market capitalization of $80.44 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the business earned $0.86 EPS. Mondelez International's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate 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 paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is 68.86%.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Sanford C. Bernstein increased their target price on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Barclays increased their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Finally, Evercore ISI increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

Mondelez International 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.