Banco Santander S.A. Acquires 205,911 Shares of Mondelez International, Inc. $MDLZ

Banco Santander S.A. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 567.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,206 shares of the company’s stock after purchasing an additional 205,911 shares during the quarter. Banco Santander S.A.’s holdings in Mondelez International were worth $16,334,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MDLZ. Abound Financial LLC bought a new stake in shares of Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the 1st quarter worth $26,000. North Capital Inc. bought a new stake in shares of Mondelez International in the 1st quarter worth $31,000. Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the 2nd quarter worth $33,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International in the 1st quarter worth $36,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Barclays increased their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Evercore ISI reduced their price target 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. Finally, Piper Sandler increased their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Price Performance

NASDAQ MDLZ opened at $60.77 on Monday. The company has a market cap of $78.63 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 5.44 and a beta of 0.45. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm’s 50-day simple moving average is $62.22 and its two-hundred day simple moving average is $65.11.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

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

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.