Russell Investments Group Ltd. Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Russell Investments Group Ltd. increased its stake in Mondelez International by 9.4%, acquiring an additional 108,476 shares during the first quarter, bringing its total holdings to approximately 1.26 million shares.
• Mondelez International reported a quarterly earnings per share (EPS) of $0.73, exceeding analyst estimates of $0.68, and showed a 7.7% increase in revenue year-over-year.
• The company has declared a quarterly dividend of $0.50, an increase from the previous dividend of $0.47, reflecting a 3.3% dividend yield and a payout ratio of 68.86%.

Russell Investments Group Ltd. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,257,582 shares of the company's stock after acquiring an additional 108,476 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Mondelez International worth $85,327,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after buying an additional 3,706 shares in the last quarter. Federated Hermes Inc. grew its stake in Mondelez International by 65.3% in the 4th quarter. Federated Hermes Inc. now owns 26,010 shares of the company's stock valued at $1,554,000 after buying an additional 10,279 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new position in Mondelez International in the 4th quarter valued at approximately $669,000. Finally, Keystone Financial Group grew its stake in Mondelez International by 5.1% in the 4th quarter. Keystone Financial Group now owns 5,360 shares of the company's stock valued at $320,000 after buying an additional 258 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research 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 company an "outperform" rating in a research report on Wednesday, July 30th. Piper Sandler boosted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.95.

Mondelez International Trading Up 1.0%

Mondelez International stock traded up $0.62 during mid-day trading on Friday, hitting $62.08. The company's stock had a trading volume of 5,848,442 shares, compared to its average volume of 8,589,398. The stock has a market cap of $80.33 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 4.69 and a beta of 0.46. The business has a 50 day moving average price of $66.78 and a 200-day moving average price of $65.63. 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, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) 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 company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. Mondelez International's revenue was up 7.7% on a year-over-year basis. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current 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 $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 dividend on an annualized basis and a yield of 3.2%. Mondelez International's payout ratio is currently 73.26%.

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.