Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 578.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 71,888 shares of the company’s stock after purchasing an additional 61,288 shares during the period. LGT Fund Management Co Ltd.’s holdings in Mondelez International were worth $4,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International during the 1st quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. increased 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 worth $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. acquired a new stake in shares of Mondelez International during the 1st quarter worth about $31,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Mondelez International from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Evercore ISI raised their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus raised their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.95.

Mondelez International Trading Down 0.4%

NASDAQ MDLZ opened at $61.58 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market capitalization of $79.68 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 4.67 and a beta of 0.46. The firm has a 50 day moving average of $67.16 and a two-hundred day moving average of $65.56.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analysts’ expectations 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 business posted $0.86 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is presently 68.86%.

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.