DJE Kapital AG raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 50.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,700 shares of the company’s stock after purchasing an additional 33,100 shares during the quarter. DJE Kapital AG’s holdings in Mondelez International were worth $5,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of MDLZ. Vanguard Group Inc. raised its stake in shares of Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after acquiring an additional 1,646,213 shares in the last quarter. Capital International Investors grew its holdings in shares of Mondelez International by 10.7% during the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after purchasing an additional 8,382,270 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Mondelez International by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after purchasing an additional 10,137,457 shares during the last quarter. State Street Corp grew its holdings in shares of Mondelez International by 1.5% during the 3rd quarter. State Street Corp now owns 60,309,117 shares of the company’s stock valued at $3,797,087,000 after purchasing an additional 862,720 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Mondelez International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after purchasing an additional 108,179 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.
Mondelez International Trading Down 1.3%
NASDAQ:MDLZ opened at $63.36 on Friday. The company has a fifty day moving average of $60.04 and a 200 day moving average of $58.10. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $81.33 billion, a P/E ratio of 31.52, a P/E/G ratio of 2.51 and a beta of 0.38.
Mondelez International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio is currently 99.50%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. BTIG Research assumed coverage on shares of Mondelez International in a report on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.05.
View Our Latest Research Report on Mondelez International
Mondelez International 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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