Mitsubishi UFJ Asset Management UK Ltd. Purchases New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $516,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after acquiring an additional 6,696,897 shares during the period. Massachusetts Financial Services Co. MA increased 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 worth $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Capital Research Global Investors raised its position in shares of Mondelez International by 7.3% during the 1st 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. raised its position in shares of Mondelez International by 6,311.0% during the 2nd 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 lifted its stake in Mondelez International by 231.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock valued at $118,101,000 after buying an additional 1,260,124 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDLZ. The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Sanford C. Bernstein cut their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $78.88.

Mondelez International Trading Up 0.6 %

Shares of MDLZ stock traded up $0.46 during trading hours on Friday, hitting $71.58. The company had a trading volume of 7,373,977 shares, compared to its average volume of 6,796,242. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock has a market capitalization of $96.01 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The company’s fifty day moving average is $72.53 and its 200 day moving average is $69.61. Mondelez International, Inc. has a fifty-two week low of $63.66 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted 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 the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Research analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio is presently 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.