Acadian Asset Management LLC Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Acadian Asset Management LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,399,152 shares of the company’s stock after purchasing an additional 74,043 shares during the quarter. Acadian Asset Management LLC owned about 0.10% of Mondelez International worth $91,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International during the 2nd quarter worth about $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International in the 2nd quarter valued at about $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler lowered their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. TD Cowen lowered their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Bank of America cut their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Trading Up 0.3 %

MDLZ stock opened at $75.31 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $101.02 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.90 and a beta of 0.54. The business has a fifty day simple moving average of $68.84 and a 200-day simple moving average of $69.31. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The company’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. 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 annualized dividend and a dividend yield of 2.50%. 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.