Lindsell Train Ltd increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,261,035 shares of the company’s stock after purchasing an additional 997,949 shares during the period. Mondelez International makes up approximately 25.8% of Lindsell Train Ltd’s investment portfolio, making the stock its largest holding. Lindsell Train Ltd’s holdings in Mondelez International were worth $1,829,708,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MDLZ. Panagora Asset Management Inc. boosted its stake in Mondelez International by 58.5% in the 1st quarter. Panagora Asset Management Inc. now owns 196,246 shares of the company’s stock worth $11,486,000 after purchasing an additional 72,457 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Mondelez International by 34.0% in the 1st quarter. Ritholtz Wealth Management now owns 4,952 shares of the company’s stock valued at $290,000 after buying an additional 1,256 shares during the last quarter. E Fund Management Co. Ltd. bought a new position in shares of Mondelez International in the 1st quarter valued at about $983,000. Norinchukin Bank The grew its holdings in Mondelez International by 3.6% during the first quarter. Norinchukin Bank The now owns 131,251 shares of the company’s stock worth $7,682,000 after purchasing an additional 4,516 shares during the period. Finally, Sei Investments Co. increased its position in Mondelez International by 21.7% during the first quarter. Sei Investments Co. now owns 508,663 shares of the company’s stock worth $29,766,000 after buying an additional 90,868 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.
A number of research analysts recently weighed in on MDLZ shares. Morgan Stanley boosted their target price on Mondelez International from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Jefferies Financial Group increased their price target on shares of Mondelez International from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Credit Suisse Group lifted their price target on Mondelez International from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Finally, Royal Bank of Canada increased their price objective on Mondelez International from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.13.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.08. Mondelez International had a net margin of 13.94% and a return on equity of 14.37%. The business had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. Mondelez International’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts forecast that Mondelez International, Inc. will post 2.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 14th. Shareholders of record on Wednesday, June 30th will be issued a $0.315 dividend. The ex-dividend date is Tuesday, June 29th. This represents a $1.26 dividend on an annualized basis and a yield of 1.98%. Mondelez International’s payout ratio is currently 48.65%.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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