Bank of Montreal Can Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Bank of Montreal Can lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,193,083 shares of the company’s stock after acquiring an additional 40,458 shares during the quarter. Bank of Montreal Can owned 0.16% of Mondelez International worth $148,932,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its stake in shares of Mondelez International by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after purchasing an additional 16,450 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Mondelez International in the 1st quarter valued at about $1,686,000. Schroder Investment Management Group grew its position in shares of Mondelez International by 35.1% in the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after buying an additional 168,639 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Mondelez International by 21.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock worth $11,389,000 after acquiring an additional 27,379 shares in the last quarter. Finally, Alaska Permanent Fund Corp lifted its position in Mondelez International by 76.4% during the first quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after acquiring an additional 27,370 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $74.57 on Tuesday. The stock has a market cap of $100.03 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The business has a 50-day simple moving average of $70.86 and a 200-day simple moving average of $69.46. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released 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 for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Stifel Nicolaus lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Evercore ISI cut their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Piper Sandler dropped their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

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.