Diversify Wealth Management LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,072 shares of the company’s stock, valued at approximately $229,000.
Other hedge funds have also bought and sold shares of the company. Grove Bank & Trust raised its holdings in shares of Mondelez International by 2.5% during the 4th quarter. Grove Bank & Trust now owns 9,982 shares of the company’s stock worth $596,000 after acquiring an additional 240 shares in the last quarter. Ballast Inc. raised its stake in Mondelez International by 39.8% during the fourth quarter. Ballast Inc. now owns 19,260 shares of the company’s stock valued at $1,150,000 after purchasing an additional 5,481 shares in the last quarter. Liberty One Investment Management LLC lifted its position in Mondelez International by 3.4% during the fourth quarter. Liberty One Investment Management LLC now owns 358,295 shares of the company’s stock valued at $21,401,000 after purchasing an additional 11,946 shares during the last quarter. Stillwater Capital Advisors LLC grew its stake in shares of Mondelez International by 1.5% in the 4th quarter. Stillwater Capital Advisors LLC now owns 193,440 shares of the company’s stock worth $11,554,000 after buying an additional 2,775 shares in the last quarter. Finally, HF Advisory Group LLC increased its holdings in shares of Mondelez International by 3.5% in the 4th quarter. HF Advisory Group LLC now owns 6,505 shares of the company’s stock worth $389,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Price Performance
MDLZ opened at $56.96 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The business’s fifty day simple moving average is $61.05 and its 200-day simple moving average is $67.06. The company has a market capitalization of $76.17 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.30%. Mondelez International’s dividend payout ratio is presently 66.67%.
Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Wall Street Analyst Weigh In
Several research analysts recently commented on MDLZ shares. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Piper Sandler reduced their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $75.00 to $62.00 in a research note on Tuesday. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $73.81.
Check Out Our Latest Research Report on MDLZ
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.
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