Advisor Resource Council bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,784 shares of the company’s stock, valued at approximately $392,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Norges Bank acquired a new position in Mondelez International during the fourth quarter worth about $1,118,755,000. Capital Research Global Investors grew its position in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the period. Raymond James Financial Inc. acquired a new position in Mondelez International during the fourth quarter worth about $256,832,000. Vaughan Nelson Investment Management L.P. acquired a new position in Mondelez International during the first quarter worth about $189,930,000. Finally, Deutsche Bank AG grew its position in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock worth $820,337,000 after buying an additional 2,002,640 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Stock Up 3.0%
Shares of NASDAQ MDLZ opened at $68.31 on Monday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm’s 50 day moving average price is $66.66 and its 200 day moving average price is $63.56. The firm has a market cap of $88.45 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 5.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio is currently 69.89%.
Analyst Ratings Changes
Several analysts have recently commented on MDLZ shares. DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and increased their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Evercore ISI increased their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $68.00 to $78.00 in a research report on Friday. Morgan Stanley increased their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Finally, Barclays increased their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.63.
Read Our Latest Stock Analysis on Mondelez International
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.
Featured Articles
- Five stocks we like better than Mondelez International
- High Dividend REITs: Are They an Ideal Way to Diversify?
- The Boring Is Beautiful Portfolio: 3 Stocks for a Worried World
- 3 Monster Growth Stocks to Buy Now
- More Than a Monetary Metal: Silver’s Case for Outperformance
- What is Insider Trading? What You Can Learn from Insider Trading
- Retail Sales Signal Upside for These 3 Consumer Stocks
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ – Free Report).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.