Tompkins Financial Corp raised its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 18.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,694 shares of the company’s stock after buying an additional 415 shares during the period. Tompkins Financial Corp’s holdings in Mondelez International were worth $137,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Mondelez International by 2.2% in the 1st quarter. BlackRock Inc. now owns 95,705,964 shares of the company’s stock worth $4,792,956,000 after purchasing an additional 2,041,195 shares during the last quarter. State Street Corp grew its stake in Mondelez International by 1.4% in the first quarter. State Street Corp now owns 68,246,977 shares of the company’s stock worth $3,437,116,000 after purchasing an additional 961,864 shares in the last quarter. Capital International Investors increased its holdings in Mondelez International by 10.6% in the first quarter. Capital International Investors now owns 26,208,513 shares of the company’s stock valued at $1,312,522,000 after buying an additional 2,503,118 shares during the last quarter. Capital World Investors raised its stake in Mondelez International by 9.1% during the first quarter. Capital World Investors now owns 22,190,345 shares of the company’s stock valued at $1,111,292,000 after buying an additional 1,857,800 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Mondelez International by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 21,081,166 shares of the company’s stock worth $1,053,559,000 after buying an additional 144,707 shares during the last quarter. Institutional investors own 75.27% of the company’s stock.
Several equities research analysts recently issued reports on the company. BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Thursday. Seaport Global Securities assumed coverage on shares of Mondelez International in a report on Tuesday. They set a “buy” rating and a $61.00 target price on the stock. Jefferies Financial Group lifted their price target on shares of Mondelez International from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday. Credit Suisse Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Guggenheim raised their target price on shares of Mondelez International from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday. Twenty equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $62.24.
NASDAQ:MDLZ opened at $55.49 on Friday. The firm has a market capitalization of $79.92 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.22 and a beta of 0.61. Mondelez International Inc has a 12-month low of $41.19 and a 12-month high of $59.96. The stock’s fifty day simple moving average is $52.36 and its 200-day simple moving average is $52.80. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 0.63.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 28th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. Mondelez International’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that Mondelez International Inc will post 2.6 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.315 dividend. The ex-dividend date is Tuesday, September 29th. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 2.27%. Mondelez International’s payout ratio is 46.15%.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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