Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,294 shares of the company's stock after acquiring an additional 8,015 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Mondelez International were worth $12,776,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the first quarter valued at $26,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth about $30,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 0.9%

MDLZ stock traded up $0.60 during mid-day trading on Wednesday, reaching $69.56. The company had a trading volume of 8,952,216 shares, compared to its average volume of 8,088,984. The company has a market capitalization of $90.07 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 5.23 and a beta of 0.48. The firm has a fifty day simple moving average of $66.73 and a 200 day simple moving average of $63.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.70%. Mondelez International's dividend payout ratio is presently 69.89%.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. Evercore ISI boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Stifel Nicolaus increased their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Piper Sandler raised their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Finally, Morgan Stanley upped their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $70.63.

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.