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Recently, several institutional investors adjusted their stakes in Mondelez International. Vanguard Group Inc. raised its ownership by 5.4%, now holding 130.77 million shares valued at $9.15 billion. Price T Rowe Associates increased its stake by 4.9% to 36.41 million shares worth $2.64 billion. Capital Research Global Investors lifted theirs by 7.3% to 32.50 million shares valued at $2.27 billion, while Capital World Investors increased by 2.2% to 21.56 million shares worth $1.56 billion. Massachusetts Financial Services boosted their stake by 40.2%, now owning 16.73 million shares valued at $1.09 billion. In total, institutional investors hold 78.32% of the stock.
Analyst Updates
Barclays cut their target price for MDLZ from $80 to $76, maintaining an “overweight” rating. Evercore ISI raised theirs from $79 to $85, giving an “outperform” rating. Sanford C. Bernstein and Deutsche Bank revised their target prices to $88 and $75, respectively. Currently, analysts have a consensus rating of “Moderate Buy” with a target price of $78.65.
Recent Stock Activity
MDLZ shares recently opened at $72.99, with a market cap of $97.91 billion. The companys latest earnings showed $0.86 EPS, surpassing expectations. Analysts predict a 3.49 EPS for the year.
Dividend Announcement
Mondelez announced a quarterly dividend of $0.47 per share, up from $0.43, payable on October 14. This reflects an annual yield of 2.58% and a payout ratio of 59.68%.
About Mondelez International
Mondelez International, Inc. manufactures a range of snack foods and beverages globally, including biscuits, chocolates, and candies.
Related Links
Follow hedge fund activity on MDLZ. Visit HoldingsChannel.com for the latest filings.
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