M&G Plc Has $10.35 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

M&G Plc lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 159,170 shares of the company’s stock after selling 12,404 shares during the period. M&G Plc’s holdings in Mondelez International were worth $10,346,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. Bogart Wealth LLC grew its position in Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in Mondelez International during the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International in the second quarter worth $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the second quarter worth $27,000. Finally, HHM Wealth Advisors LLC bought a new position in Mondelez International in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $70.34 on Wednesday. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a market cap of $94.35 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $67.04 and a 200-day moving average price of $69.56.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.67%. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MDLZ shares. The Goldman Sachs Group started coverage on Mondelez International in a research note on Monday. They set a “buy” rating and a $80.00 target price on the stock. Stifel Nicolaus lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Piper Sandler reduced their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. upped their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.61.

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.