Burgundy Asset Management Ltd. Has $207.97 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Burgundy Asset Management Ltd. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,177,976 shares of the company's stock after acquiring an additional 310,994 shares during the period. Mondelez International makes up approximately 2.2% of Burgundy Asset Management Ltd.'s investment portfolio, making the stock its 9th largest holding. Burgundy Asset Management Ltd. owned 0.24% of Mondelez International worth $207,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cadence Bank boosted its position in Mondelez International by 1.3% in the first quarter. Cadence Bank now owns 11,489 shares of the company's stock worth $804,000 after purchasing an additional 148 shares during the last quarter. Evermay Wealth Management LLC boosted its holdings in shares of Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company's stock worth $409,000 after purchasing an additional 149 shares in the last quarter. Sachetta LLC grew its holdings in shares of Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company's stock valued at $81,000 after purchasing an additional 149 shares during the last quarter. Curbstone Financial Management Corp grew its position in Mondelez International by 2.4% during the 1st quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company's stock worth $456,000 after acquiring an additional 150 shares during the last quarter. Finally, Searle & CO. grew its holdings in Mondelez International by 1.2% in the 1st quarter. Searle & CO. now owns 12,319 shares of the company's stock worth $862,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Down 0.4 %

Mondelez International stock traded down $0.27 during midday trading on Thursday, hitting $74.78. 5,091,078 shares of the stock were exchanged, compared to its average volume of 6,957,685. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The company has a 50 day moving average price of $70.48 and a two-hundred day moving average price of $69.44. The firm has a market cap of $100.31 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.51%. This is a positive change from Mondelez International's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International's payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. Evercore ISI reduced their price target on Mondelez International from $80.00 to $79.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 4th. Bank of America reduced their price target on shares of Mondelez International from $82.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Barclays lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an "overweight" rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Finally, Piper Sandler decreased their target price on shares of Mondelez International from $78.00 to $76.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.61.

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.