US Bancorp DE Raises Holdings in Mondelez International, Inc. $MDLZ

US Bancorp DE increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,115,013 shares of the company’s stock after buying an additional 287 shares during the quarter. US Bancorp DE owned about 0.09% of Mondelez International worth $75,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after buying an additional 346 shares during the period. North Capital Inc. purchased a new position in Mondelez International in the first quarter valued at about $31,000. Finally, Saudi Central Bank purchased a new position in Mondelez International in the first quarter valued at about $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MDLZ. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. UBS Group cut their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research report on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $71.55.

Mondelez International Stock Down 1.1%

Shares of NASDAQ MDLZ opened at $61.00 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The firm has a market cap of $78.93 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 4.67 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock’s 50-day simple moving average is $62.33 and its 200-day simple moving average is $65.48.

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

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s payout ratio is 73.26%.

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.