Vanguard Personalized Indexing Management LLC Has $14.81 Million Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Vanguard Personalized Indexing Management LLC has increased its stake in Mondelez International, owning 219,583 shares valued at approximately $14.81 million after a 24.1% increase in the second quarter.
• Mondelez International announced a quarterly dividend of $0.50 per share, reflecting an increase from the previous dividend of $0.47, representing an annualized yield of 3.3%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Mondelez International, with an average price target of $71.55 per share, indicating potential for growth despite varying individual ratings from different banks.

Vanguard Personalized Indexing Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,583 shares of the company's stock after purchasing an additional 42,579 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Mondelez International were worth $14,809,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new stake in Mondelez International during the first quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. acquired a new stake in Mondelez International during the first quarter valued at $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Mondelez International during the second quarter valued at $33,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ MDLZ opened at $61.45 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market capitalization of $79.51 billion, a PE ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.45. The stock has a 50-day simple moving average of $62.28 and a 200 day simple moving average of $65.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $7.30 billion during the quarter. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is presently 73.26%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. UBS Group reduced their price target on Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday. Evercore ISI reduced their price target on Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, September 26th. Finally, Berenberg Bank cut Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Thursday, October 2nd. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.55.

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.

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