Nomura Asset Management Co. Ltd. grew its stake in Mondelez International Inc (NASDAQ:MDLZ) by 65.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 426,265 shares of the company’s stock after acquiring an additional 168,608 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Mondelez International were worth $21,348,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in MDLZ. Pictet Asset Management Ltd. raised its stake in shares of Mondelez International by 1.1% during the 4th quarter. Pictet Asset Management Ltd. now owns 1,492,058 shares of the company’s stock worth $82,183,000 after purchasing an additional 15,551 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Mondelez International by 33.8% during the 4th quarter. Capital Research Global Investors now owns 384,000 shares of the company’s stock worth $21,151,000 after purchasing an additional 97,000 shares in the last quarter. Bluefin Trading LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth $3,053,000. Sailer Financial LLC acquired a new stake in Mondelez International in the fourth quarter valued at about $74,000. Finally, City Holding Co. boosted its stake in Mondelez International by 77.4% in the first quarter. City Holding Co. now owns 1,430 shares of the company’s stock valued at $72,000 after buying an additional 624 shares in the last quarter. 75.52% of the stock is owned by institutional investors.
MDLZ has been the topic of a number of recent research reports. Credit Suisse Group reissued a “buy” rating and set a $62.00 price target on shares of Mondelez International in a research note on Thursday, May 7th. Piper Sandler cut their price target on Mondelez International from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a research note on Friday, May 22nd. Morgan Stanley lifted their price target on Mondelez International from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Stifel Nicolaus upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Monday, March 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and an average price target of $61.19.
Shares of MDLZ stock traded down $1.84 on Thursday, reaching $51.27. The stock had a trading volume of 4,553,729 shares, compared to its average volume of 8,418,268. The stock has a market cap of $74.80 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 3.17 and a beta of 0.61. Mondelez International Inc has a 1 year low of $41.19 and a 1 year high of $59.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.39 and a current ratio of 0.53. The company has a 50 day simple moving average of $51.02 and a 200 day simple moving average of $53.17.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. Mondelez International had a return on equity of 13.73% and a net margin of 14.24%. The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International Inc will post 2.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.285 per share. The ex-dividend date is Monday, June 29th. This represents a $1.14 annualized dividend and a yield of 2.22%. Mondelez International’s payout ratio is currently 46.15%.
In other Mondelez International news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $50.32 per share, for a total transaction of $100,640.00. Insiders own 1.30% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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