Mitsubishi UFJ Asset Management UK Ltd. Buys New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,000 shares of the company's stock, valued at approximately $516,000.

A number of other large investors have also recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in shares of Mondelez International in the 1st quarter valued at approximately $1,686,000. Duality Advisers LP purchased a new position in Mondelez International in the 1st quarter valued at $4,528,000. BDF Gestion acquired a new position in Mondelez International in the 2nd quarter valued at $6,690,000. M&G Plc purchased a new position in Mondelez International during the 1st quarter worth $12,010,000. Finally, Advisory Services Network LLC lifted its stake in shares of Mondelez International by 35.3% in the 1st quarter. Advisory Services Network LLC now owns 60,401 shares of the company's stock worth $4,228,000 after acquiring an additional 15,746 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.46 on Friday, hitting $71.58. The company's stock had a trading volume of 7,373,977 shares, compared to its average volume of 6,796,242. The stock has a 50 day moving average of $72.53 and a 200-day moving average of $69.61. The company has a market capitalization of $96.01 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $63.66 and a 12-month high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion for 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%. Mondelez International's revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Monday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.43. Mondelez International's dividend payout ratio (DPR) is currently 59.68%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MDLZ shares. Barclays dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an "overweight" rating on the stock in a research note on Friday, July 19th. The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They set a "buy" rating and a $80.00 target price for the company. Stifel Nicolaus decreased their price target on Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, July 23rd. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Finally, DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.88.

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.