UNIVEST FINANCIAL Corp Acquires 42,289 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• UNIVEST FINANCIAL Corp has increased its stake in Mondelez International by 32.7% in Q1, now holding 171,589 shares valued at approximately $11.64 million.
• Analysts have varied ratings for Mondelez International, with a consensus rating of "Moderate Buy" and an average price target of $71.95.
• The company has announced an increase in its quarterly dividend to $0.50 per share, with an annualized yield of 3.1%, set to be paid on October 14th.

UNIVEST FINANCIAL Corp boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,589 shares of the company's stock after purchasing an additional 42,289 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in Mondelez International were worth $11,642,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Baker Avenue Asset Management LP lifted its position in shares of Mondelez International by 36.1% in the 1st quarter. Baker Avenue Asset Management LP now owns 6,481 shares of the company's stock worth $440,000 after acquiring an additional 1,718 shares during the period. Nicolet Advisory Services LLC lifted its position in shares of Mondelez International by 14.7% in the 1st quarter. Nicolet Advisory Services LLC now owns 16,488 shares of the company's stock worth $1,088,000 after acquiring an additional 2,115 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Mondelez International by 5.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,448 shares of the company's stock worth $573,000 after acquiring an additional 455 shares during the period. Harbour Investments Inc. lifted its position in shares of Mondelez International by 10.8% in the 1st quarter. Harbour Investments Inc. now owns 9,681 shares of the company's stock worth $657,000 after acquiring an additional 942 shares during the period. Finally, King Wealth Management Group bought a new stake in shares of Mondelez International in the 1st quarter worth approximately $212,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research reports. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Barclays raised their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday. Stifel Nicolaus raised their target price on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Evercore ISI raised their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $64.69 on Friday. The firm has a market cap of $83.76 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 4.90 and a beta of 0.48. The stock's 50-day moving average is $67.77 and its 200-day moving average is $65.20. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $0.86 earnings per share. The company's quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.1%. Mondelez International's dividend payout ratio is currently 73.26%.

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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.