National Pension Service Purchases 222,561 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

National Pension Service lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,107,598 shares of the company’s stock after acquiring an additional 222,561 shares during the quarter. National Pension Service owned approximately 0.24% of Mondelez International worth $210,851,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock valued at $1,198,491,000 after purchasing an additional 975,929 shares during the last quarter. Northern Trust Corp increased its position in shares of Mondelez International by 6.8% during the 4th quarter. Northern Trust Corp now owns 16,252,906 shares of the company’s stock valued at $970,786,000 after purchasing an additional 1,035,184 shares during the last quarter. Deutsche Bank AG increased its position in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at $866,843,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.3%

NASDAQ:MDLZ opened at $62.18 on Thursday. The stock’s fifty day moving average price is $66.96 and its two-hundred day moving average price is $65.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market cap of $80.45 billion, a P/E ratio of 22.77, a P/E/G ratio of 4.64 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the firm earned $0.86 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is 73.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MDLZ shares. DA Davidson lowered Mondelez International from a “buy” rating to a “neutral” rating and raised their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Barclays boosted their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Piper Sandler boosted their target price on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.95.

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.