Federated Hermes Inc. Grows Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Federated Hermes Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 65.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,010 shares of the company's stock after purchasing an additional 10,279 shares during the period. Federated Hermes Inc.'s holdings in Mondelez International were worth $1,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Hurley Capital LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at approximately $768,000. Hemenway Trust Co LLC boosted its stake in Mondelez International by 3.8% during the 4th quarter. Hemenway Trust Co LLC now owns 5,691 shares of the company's stock worth $340,000 after purchasing an additional 207 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Mondelez International by 0.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,065,628 shares of the company's stock worth $183,110,000 after buying an additional 27,695 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Mondelez International by 18.4% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 440,190 shares of the company's stock valued at $26,293,000 after buying an additional 68,457 shares during the last quarter. Finally, Aviva PLC lifted its stake in shares of Mondelez International by 29.4% in the fourth quarter. Aviva PLC now owns 968,795 shares of the company's stock worth $57,866,000 after buying an additional 220,044 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MDLZ shares. Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Piper Sandler raised their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Morgan Stanley began coverage on Mondelez International in a report on Monday, March 24th. They issued an "overweight" rating and a $69.00 price objective on the stock. The Goldman Sachs Group cut their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.80.

Mondelez International Price Performance

Mondelez International stock traded up $0.84 during trading hours on Friday, hitting $67.32. The stock had a trading volume of 10,777,611 shares, compared to its average volume of 8,030,557. The stock has a market capitalization of $87.08 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock's fifty day moving average is $65.11 and its two-hundred day moving average is $64.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.79%. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International 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.