Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,943 shares of the company’s stock after purchasing an additional 13,785 shares during the period. Citizens Financial Group Inc. RI’s holdings in Mondelez International were worth $5,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. One Capital Management LLC lifted its holdings in Mondelez International by 27.2% in the 2nd quarter. One Capital Management LLC now owns 6,220 shares of the company’s stock valued at $407,000 after purchasing an additional 1,331 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Mondelez International by 5.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 21,723 shares of the company’s stock valued at $1,422,000 after buying an additional 1,042 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after buying an additional 1,071,719 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after buying an additional 4,794,746 shares during the period. Finally, Capital Wealth Planning LLC boosted its position in Mondelez International by 6.7% during the second quarter. Capital Wealth Planning LLC now owns 9,550 shares of the company’s stock worth $625,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDLZ. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. TD Cowen lowered their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Finally, Piper Sandler decreased their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Stock Up 0.4 %

Shares of NASDAQ MDLZ opened at $75.53 on Tuesday. The stock has a fifty day moving average price of $69.91 and a 200 day moving average price of $69.34. The company has a market cap of $101.31 billion, a P/E ratio of 23.98, a P/E/G ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.49%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Mondelez International 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.