Massachusetts Financial Services Co. MA Purchases 4,794,746 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Massachusetts Financial Services Co. MA increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 40.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,726,114 shares of the company’s stock after acquiring an additional 4,794,746 shares during the period. Massachusetts Financial Services Co. MA owned about 1.25% of Mondelez International worth $1,094,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC purchased a new position in Mondelez International in the fourth quarter valued at about $34,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. TD Cowen cut their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Bank of America lowered their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Piper Sandler dropped their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Price Performance

Mondelez International stock opened at $75.26 on Monday. The stock has a market cap of $100.95 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.01 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $69.72 and a 200 day simple moving average of $69.33. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Mondelez International’s revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is currently 59.68%.

Mondelez International Company 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.