Prospector Partners LLC Acquires 1,779 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Prospector Partners LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 227,670 shares of the company’s stock after acquiring an additional 1,779 shares during the period. Mondelez International comprises 1.7% of Prospector Partners LLC’s holdings, making the stock its 22nd biggest position. Prospector Partners LLC’s holdings in Mondelez International were worth $14,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after buying an additional 1,686,229 shares in the last quarter. Capital Research Global Investors grew its stake in Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares in the last quarter. Capital World Investors increased its holdings in Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after buying an additional 4,794,746 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $74.28 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The firm has a market cap of $99.64 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The firm’s fifty day moving average is $70.66 and its 200-day moving average is $69.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 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%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. 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. This represents a $1.88 annualized dividend and a yield of 2.53%. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MDLZ shares. Piper Sandler reduced their price target 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. TD Cowen reduced their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. boosted their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Evercore ISI decreased their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $78.61.

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.