American Century Companies Inc. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 25.4% during the third quarter, Holdings Channel reports. The fund owned 5,733,040 shares of the company’s stock after buying an additional 1,162,966 shares during the period. American Century Companies Inc.’s holdings in Mondelez International were worth $358,143,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Soundwatch Capital LLC purchased a new position in Mondelez International in the second quarter valued at approximately $27,000. Aspect Partners LLC increased its position in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after buying an additional 305 shares during the last quarter. Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 282 shares during the period. Halbert Hargrove Global Advisors LLC lifted its position in shares of Mondelez International by 60.3% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after buying an additional 196 shares during the last quarter. Finally, Traub Capital Management LLC bought a new position in shares of Mondelez International during the 2nd quarter worth $37,000. 78.32% of the stock is owned by institutional investors.
Mondelez International Stock Up 2.7%
NASDAQ MDLZ opened at $61.58 on Friday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The stock has a market capitalization of $78.94 billion, a PE ratio of 32.76, a PEG ratio of 2.50 and a beta of 0.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The business’s 50-day moving average is $57.62 and its 200 day moving average is $58.93.
Mondelez International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is 106.38%.
Insiders Place Their Bets
In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the sale, the executive vice president directly owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. The trade was a 2.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on MDLZ. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley lowered their price target on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Sanford C. Bernstein cut their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Finally, Argus upgraded shares of Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.
Read Our Latest Analysis on MDLZ
About Mondelez International
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
Recommended Stories
- Five stocks we like better than Mondelez International
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- The Biggest IPO Ever… Open to Everyday Folks
- Silver records prices are great. Monthly income is better
- Read this or regret it forever
- Sell this, buy that
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.
