International Assets Investment Management LLC Has $195,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Posted by on Apr 5th, 2023

International Assets Investment Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 73.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,317 shares of the company’s stock after selling 6,559 shares during the quarter. International Assets Investment Management LLC’s holdings in Mondelez International were worth $195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Mondelez International by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 121,438,592 shares of the company’s stock valued at $6,658,478,000 after acquiring an additional 3,301,344 shares in the last quarter. BlackRock Inc. grew its stake in Mondelez International by 0.5% during the 3rd quarter. BlackRock Inc. now owns 95,834,747 shares of the company’s stock valued at $5,254,618,000 after acquiring an additional 438,398 shares in the last quarter. State Street Corp grew its stake in Mondelez International by 0.6% during the 3rd quarter. State Street Corp now owns 60,670,936 shares of the company’s stock valued at $3,349,681,000 after acquiring an additional 363,764 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 18.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 26,917,893 shares of the company’s stock valued at $1,476,488,000 after acquiring an additional 4,272,750 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in Mondelez International by 2.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 8,426,465 shares of the company’s stock valued at $462,023,000 after acquiring an additional 235,341 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Mondelez International from $69.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, December 20th. Credit Suisse Group boosted their price target on Mondelez International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Cowen boosted their price target on Mondelez International from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. Mizuho boosted their price target on Mondelez International from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 6th. Finally, Barclays boosted their price target on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Mondelez International Stock Up 0.4 %

Shares of Mondelez International stock opened at $70.52 on Wednesday. The stock has a market capitalization of $96.14 billion, a P/E ratio of 35.98, a PEG ratio of 3.09 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $66.45 and a two-hundred day moving average price of $64.43. Mondelez International, Inc. has a 12-month low of $54.72 and a 12-month high of $70.65.

Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Mondelez International had a return on equity of 15.04% and a net margin of 8.63%. The company had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities analysts expect that Mondelez International, Inc. will post 3.16 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.385 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.18%. Mondelez International’s dividend payout ratio (DPR) is presently 78.57%.

About Mondelez International

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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.

See Also

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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