Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 300,144 shares of the company’s stock after selling 10,579 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mondelez International were worth $16,157,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International in the 3rd quarter valued at $27,000. High Point Wealth Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at $30,000. McIlrath & Eck LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at $30,000. Navalign LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at $31,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.
Mondelez International Stock Performance
Mondelez International stock opened at $61.17 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a market cap of $78.52 billion, a PE ratio of 30.43, a PEG ratio of 2.39 and a beta of 0.38. The company’s 50-day moving average is $59.19 and its two-hundred day moving average is $57.74.
Mondelez International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is presently 99.50%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on MDLZ. BTIG Research began coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price on the stock. DA Davidson restated a “neutral” rating and issued a $62.00 target price on shares of Mondelez International in a research note on Wednesday, February 4th. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday. One investment 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, the company has an average rating of “Moderate Buy” and a consensus target price of $67.05.
Get Our Latest Analysis 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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