Invesco Ltd. Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Invesco Ltd. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,409,582 shares of the company's stock after buying an additional 1,483,270 shares during the quarter. Invesco Ltd. owned approximately 0.93% of Mondelez International worth $741,224,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. ICICI Prudential Asset Management Co Ltd grew its holdings in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares during the period. Czech National Bank boosted its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. grew its stake in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after buying an additional 18,961 shares during the last quarter. Legacy Private Trust Co. increased its position in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after buying an additional 957 shares in the last quarter. Finally, Kennedy Investment Group purchased a new position in Mondelez International during the fourth quarter valued at $313,000. 78.32% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. increased their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday. Piper Sandler raised their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday. Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Mizuho increased their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Finally, Morgan Stanley began coverage on Mondelez International in a research note on Monday, March 24th. They set an "overweight" rating and a $69.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.50.

Mondelez International Stock Performance

MDLZ stock traded up $1.07 during midday trading on Friday, reaching $67.05. 8,840,632 shares of the company's stock traded hands, compared to its average volume of 8,046,489. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market cap of $86.73 billion, a P/E ratio of 19.61, a PEG ratio of 4.34 and a beta of 0.47. The stock's 50-day moving average is $64.38 and its 200 day moving average is $64.18.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate 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 anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) 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.