Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 320,351 shares of the company’s stock after buying an additional 53,169 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Mondelez International were worth $23,153,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of Mondelez International by 6,311.0% during the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Mondelez International by 231.4% during the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDLZ shares. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Piper Sandler cut their target price on Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday. Sanford C. Bernstein cut their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.35.

Mondelez International Price Performance

Shares of MDLZ stock opened at $69.23 on Friday. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20. The stock has a market cap of $92.86 billion, a PE ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm’s 50 day moving average price is $72.54 and its two-hundred day moving average price is $69.69.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the firm posted $0.76 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Mondelez International’s payout ratio is currently 59.68%.

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.