Capital International Inc. CA lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,203,129 shares of the company’s stock after acquiring an additional 280,264 shares during the quarter. Capital International Inc. CA owned approximately 0.09% of Mondelez International worth $64,764,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International during the 3rd quarter valued at $27,000. JPL Wealth Management LLC acquired a new stake in shares of Mondelez International during the 3rd quarter valued at $32,000. McIlrath & Eck LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. High Point Wealth Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Finally, Navalign LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.
Mondelez International Stock Up 1.7%
Shares of NASDAQ:MDLZ opened at $62.04 on Friday. The firm has a market cap of $79.64 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.43 and a beta of 0.38. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The business has a fifty day simple moving average of $59.64 and a 200 day simple moving average of $57.89.
Mondelez International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is 99.50%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on MDLZ shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Zacks Research raised Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. UBS Group raised their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein lowered their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $67.05.
Get Our Latest Analysis on Mondelez International
Mondelez International Company Profile
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.
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