Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by PNC Financial Services Group Inc.

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. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 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 MDLZ. Capital Research Global Investors boosted its position in Mondelez International by 13.9% during 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 purchasing an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Mondelez International during the first quarter valued at about $189,930,000. Deutsche Bank AG boosted its position in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Natixis Advisors LLC boosted its position in Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock valued at $201,549,000 after purchasing an additional 1,775,570 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mondelez International during the fourth quarter valued at about $104,065,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

MDLZ stock traded down $0.26 during trading on Tuesday, hitting $63.27. 1,460,160 shares of the company traded hands, compared to its average volume of 9,064,800. The stock's 50-day simple moving average is $67.68 and its 200 day simple moving average is $65.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a market cap of $81.92 billion, a PE ratio of 23.24, a P/E/G ratio of 4.84 and a beta of 0.46. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company earned $0.86 earnings per share. Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International's dividend payout ratio is 68.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MDLZ shares. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. UBS Group decreased their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average 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.