Mondelez International, Inc. $MDLZ Shares Acquired by Hamlin Capital Management LLC

Hamlin Capital Management LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 68.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,596,895 shares of the company’s stock after buying an additional 651,404 shares during the period. Mondelez International makes up approximately 2.5% of Hamlin Capital Management LLC’s portfolio, making the stock its 24th largest position. Hamlin Capital Management LLC’s holdings in Mondelez International were worth $107,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC purchased a new position in shares of Mondelez International during the 1st quarter worth approximately $866,843,000. Goldman Sachs Group Inc. boosted its position in shares of Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the period. Natixis Advisors LLC boosted its position in shares of Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after purchasing an additional 1,775,570 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Mondelez International by 659.9% during the 1st quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock worth $101,988,000 after purchasing an additional 1,305,332 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of research analyst reports. Piper Sandler increased their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday. UBS Group lowered their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Evercore ISI lowered their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.84.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $62.46 on Friday. 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 52 week low of $53.95 and a 52 week high of $71.82. The stock has a market capitalization of $80.82 billion, a PE ratio of 22.88, a P/E/G ratio of 5.51 and a beta of 0.45. The firm has a 50 day moving average of $62.22 and a two-hundred day moving average of $65.26.

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

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.50 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio 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.