Caitong International Asset Management Co. Ltd Raises Stock Position in Mondelez International, Inc. $MDLZ

Caitong International Asset Management Co. Ltd lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23,818.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,631 shares of the company’s stock after acquiring an additional 2,620 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Mondelez International were worth $177,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International during the first quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the first quarter worth approximately $26,000. North Capital Inc. purchased a new position in shares of Mondelez International during the first quarter worth approximately $31,000. Financial Connections Group Inc. bought a new position in shares of Mondelez International during the second quarter valued at approximately $33,000. Finally, Saudi Central Bank purchased a new position in Mondelez International during the first quarter valued at approximately $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $61.01 on Friday. The company has a market cap of $78.94 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 5.55 and a beta of 0.45. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average of $62.24 and a two-hundred day moving average of $65.14.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s payout ratio is presently 73.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MDLZ shares. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. Wells Fargo & Company cut their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Thursday, October 2nd. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.22.

About Mondelez International

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.