Canada Pension Plan Investment Board Buys 544,857 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Canada Pension Plan Investment Board increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,553,293 shares of the company’s stock after buying an additional 544,857 shares during the period. Canada Pension Plan Investment Board owned 0.26% of Mondelez International worth $232,527,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MDLZ shares. Piper Sandler reduced their price target 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 cut their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Sanford C. Bernstein decreased their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Trading Down 0.4 %

Shares of Mondelez International stock opened at $74.78 on Friday. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company’s fifty day simple moving average is $70.48 and its 200-day simple moving average is $69.44. 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 $100.31 billion, a PE ratio of 23.74, a P/E/G ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company 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%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.51%. Mondelez International’s payout ratio is 59.68%.

Mondelez International Profile

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.