abrdn plc Buys 182,458 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

abrdn plc boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 903,231 shares of the company’s stock after acquiring an additional 182,458 shares during the quarter. abrdn plc owned 0.07% of Mondelez International worth $65,421,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Moneta Group Investment Advisors LLC increased its position in shares of Mondelez International by 116,165.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock valued at $1,558,884,000 after purchasing an additional 23,368,990 shares during the last quarter. Norges Bank bought a new position in shares of Mondelez International during the 4th quarter valued at about $981,319,000. Morgan Stanley increased its position in shares of Mondelez International by 25.8% during the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after purchasing an additional 4,663,166 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Mondelez International by 759.1% during the 1st quarter. Renaissance Technologies LLC now owns 3,035,298 shares of the company’s stock valued at $190,556,000 after purchasing an additional 2,682,000 shares during the last quarter. Finally, Man Group plc increased its position in shares of Mondelez International by 122.6% during the 4th quarter. Man Group plc now owns 3,468,865 shares of the company’s stock valued at $231,200,000 after purchasing an additional 1,910,553 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup dropped their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Barclays dropped their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Up 1.4 %

Shares of NASDAQ:MDLZ opened at $68.11 on Monday. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The firm has a market capitalization of $91.71 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.37 and a beta of 0.56. The stock has a 50 day moving average price of $70.60 and a 200-day moving average price of $70.48. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter last year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is presently 46.83%.

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.