Capital International Investors lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,943,586 shares of the company’s stock after buying an additional 8,382,270 shares during the period. Capital International Investors owned approximately 6.74% of Mondelez International worth $4,681,024,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. OLD Republic International Corp lifted its position in shares of Mondelez International by 156.6% during the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after acquiring an additional 252,700 shares during the period. VCI Wealth Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at approximately $970,000. E. Ohman J or Asset Management AB purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $2,629,000. Wealthfront Advisers LLC increased its stake in shares of Mondelez International by 15.3% during the 4th quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock worth $11,672,000 after purchasing an additional 28,797 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co increased its stake in shares of Mondelez International by 115.0% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock worth $5,440,000 after purchasing an additional 54,066 shares in the last quarter. 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. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The firm has a fifty day moving average of $59.64 and a 200-day moving average of $57.89. The stock has a market capitalization of $79.64 billion, a PE 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. 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 payout ratio is currently 99.50%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on MDLZ. Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. UBS Group raised their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One research 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.05.
Read Our Latest Stock Report on MDLZ
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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