M&T Bank Corp Buys 6,926 Shares of Mondelez International Inc (NASDAQ:MDLZ)

M&T Bank Corp lifted its stake in Mondelez International Inc (NASDAQ:MDLZ) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 403,822 shares of the company’s stock after buying an additional 6,926 shares during the period. M&T Bank Corp’s holdings in Mondelez International were worth $20,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Mondelez International by 2.2% in the first quarter. BlackRock Inc. now owns 95,705,964 shares of the company’s stock valued at $4,792,956,000 after buying an additional 2,041,195 shares during the period. State Street Corp boosted its stake in shares of Mondelez International by 1.4% in the first quarter. State Street Corp now owns 68,246,977 shares of the company’s stock valued at $3,437,116,000 after buying an additional 961,864 shares during the period. Capital International Investors boosted its stake in shares of Mondelez International by 10.6% in the first quarter. Capital International Investors now owns 26,208,513 shares of the company’s stock valued at $1,312,522,000 after buying an additional 2,503,118 shares during the period. Capital World Investors boosted its stake in shares of Mondelez International by 9.1% in the first quarter. Capital World Investors now owns 22,190,345 shares of the company’s stock valued at $1,111,292,000 after buying an additional 1,857,800 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Mondelez International by 0.7% in the first quarter. Geode Capital Management LLC now owns 21,081,166 shares of the company’s stock valued at $1,053,559,000 after buying an additional 144,707 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

NASDAQ MDLZ opened at $55.49 on Friday. The company has a market capitalization of $79.92 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.22 and a beta of 0.61. Mondelez International Inc has a twelve month low of $41.19 and a twelve month high of $59.96. The stock has a fifty day simple moving average of $52.36 and a 200 day simple moving average of $52.80. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.92 billion. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. Mondelez International’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Research analysts expect that Mondelez International Inc will post 2.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.26 dividend on an annualized basis and a yield of 2.27%. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. Mondelez International’s dividend payout ratio is 46.15%.

MDLZ has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on shares of Mondelez International from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday. Seaport Global Securities initiated coverage on shares of Mondelez International in a research report on Tuesday. They set a “buy” rating and a $61.00 price objective for the company. Credit Suisse Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of Mondelez International from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday. Twenty equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $62.24.

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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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