Banco Santander S.A. Has $16.33 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Banco Santander S.A. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 567.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,206 shares of the company’s stock after buying an additional 205,911 shares during the period. Banco Santander S.A.’s holdings in Mondelez International were worth $16,334,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MDLZ. Abound Financial LLC acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $26,000. North Capital Inc. acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $33,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $36,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Piper Sandler boosted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Morgan Stanley dropped their target price on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Finally, Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

Mondelez International Stock Down 0.4%

Mondelez International stock opened at $60.77 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The firm’s fifty day moving average is $62.22 and its 200 day moving average is $65.11. The company has a market capitalization of $78.63 billion, a PE ratio of 22.26, a PEG ratio of 5.44 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

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.