Aberdeen Group plc Boosts Stake in Mondelez International, Inc. $MDLZ

Aberdeen Group plc raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,410,891 shares of the company’s stock after acquiring an additional 62,217 shares during the period. Aberdeen Group plc owned approximately 0.11% of Mondelez International worth $94,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new stake in Mondelez International during the first quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of 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 worth $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International during the first quarter worth about $31,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International during the first quarter worth about $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MDLZ. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Piper Sandler boosted their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, UBS Group reduced their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $71.55.

Mondelez International Trading Up 0.7%

NASDAQ:MDLZ opened at $61.45 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70. The business’s 50-day simple moving average is $62.28 and its 200 day simple moving average is $65.45. The stock has a market cap of $79.51 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 4.65 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS 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 for the quarter. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders 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 an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s payout ratio is currently 73.26%.

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.