DekaBank Deutsche Girozentrale Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

DekaBank Deutsche Girozentrale raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,545,820 shares of the company’s stock after purchasing an additional 370,603 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Mondelez International were worth $188,540,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International during the second quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International during the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the second quarter valued at approximately $29,000. ESL Trust Services LLC acquired a new position in Mondelez International during the first quarter valued at approximately $38,000. Finally, Albion Financial Group UT purchased a new stake in Mondelez International during the first quarter worth approximately $44,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MDLZ shares. Citigroup raised their target price on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Sanford C. Bernstein decreased their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Piper Sandler dropped their target price on Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Barclays decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.35.

Mondelez International Price Performance

MDLZ opened at $69.23 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. The company has a 50-day moving average of $72.54 and a 200-day moving average of $69.69. The company has a market capitalization of $92.86 billion, a P/E ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

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.