Coho Partners Ltd. Has $218.51 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Coho Partners Ltd. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,278,462 shares of the company’s stock after buying an additional 4,663 shares during the quarter. Mondelez International accounts for 3.7% of Coho Partners Ltd.’s portfolio, making the stock its 11th biggest holding. Coho Partners Ltd. owned approximately 0.24% of Mondelez International worth $218,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Mondelez International by 27.1% in the second quarter. FMR LLC now owns 25,473,749 shares of the company’s stock valued at $1,581,665,000 after acquiring an additional 5,433,813 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Mondelez International by 18.9% in 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 purchasing an additional 4,272,750 shares during the period. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 121,438,592 shares of the company’s stock worth $6,658,478,000 after buying an additional 3,301,344 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Mondelez International by 759.1% during the 1st quarter. Renaissance Technologies LLC now owns 3,035,298 shares of the company’s stock worth $190,556,000 after buying an additional 2,682,000 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Mondelez International by 164.5% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,121 shares of the company’s stock valued at $198,696,000 after buying an additional 1,990,387 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MDLZ. Deutsche Bank Aktiengesellschaft boosted their target price on Mondelez International from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Wells Fargo & Company upped their price target on shares of Mondelez International from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. StockNews.com initiated coverage on shares of Mondelez International in a research note on Thursday. They issued a “hold” rating for the company. TheStreet raised shares of Mondelez International from a “c+” rating to a “b+” rating in a research note on Monday, December 12th. Finally, Piper Sandler raised their price target on shares of Mondelez International from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, February 1st. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Price Performance

MDLZ stock opened at $66.40 on Friday. The stock has a 50-day moving average price of $65.71 and a two-hundred day moving average price of $63.72. Mondelez International, Inc. has a 1 year low of $54.72 and a 1 year high of $68.81. The stock has a market cap of $90.52 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.96 and a beta of 0.65. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.75.

Mondelez International (NASDAQ:MDLZ – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $8.70 billion during the quarter, compared to the consensus estimate of $8.30 billion. Mondelez International had a return on equity of 15.04% and a net margin of 8.63%. Mondelez International’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. Equities analysts forecast that Mondelez International, Inc. will post 3.17 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, March 30th. Mondelez International’s dividend payout ratio is presently 78.57%.

Mondelez International Profile

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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.