Capital International Ltd. CA grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 66.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,874 shares of the company’s stock after acquiring an additional 100,270 shares during the quarter. Capital International Ltd. CA’s holdings in Mondelez International were worth $13,558,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Mondelez International in the third quarter valued at approximately $27,000. JPL Wealth Management LLC bought a new stake in shares of Mondelez International in the third quarter valued at approximately $32,000. McIlrath & Eck LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $30,000. High Point Wealth Management LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Finally, Navalign LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $31,000. 78.32% of the stock is owned by institutional investors.
Mondelez International Stock Performance
Mondelez International stock opened at $62.04 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The stock has a fifty day moving average price of $59.64 and a two-hundred day moving average price of $57.89. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The firm has a market capitalization 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.
Mondelez International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend 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 research analysts have recently weighed in on MDLZ shares. BTIG Research started coverage on Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective for the company. TD Cowen upped their target price on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. upped their target price on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company upped their target price on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $67.05.
Get Our Latest Stock Analysis on Mondelez International
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.
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