Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by UNIVEST FINANCIAL Corp

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 stake 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 disclosure with the SEC. The firm owned 171,589 shares of the company's stock after buying an additional 42,289 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in Mondelez International were worth $11,642,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new position in Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. bought a new position in shares of Mondelez International in the 1st quarter valued at about $31,000. Finally, Orion Capital Management LLC bought a new position in Mondelez International during the 4th quarter valued at about $30,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and upped their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Finally, Piper Sandler upped their target price 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. 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Stock Performance

Shares of Mondelez International stock traded down $1.26 on Tuesday, reaching $62.27. 6,277,999 shares of the stock were exchanged, compared to its average volume of 9,100,557. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year 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 business has a fifty day moving average price of $67.68 and a two-hundred day moving average price of $65.39. The firm has a market capitalization of $80.63 billion, a PE ratio of 22.83, a PEG ratio of 4.84 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, research 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 disclosed 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. 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%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is presently 68.86%.

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.