HF Advisory Group LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 254.1% during the 4th quarter, HoldingsChannel reports. The firm owned 28,881 shares of the company’s stock after acquiring an additional 20,725 shares during the quarter. HF Advisory Group LLC’s holdings in Mondelez International were worth $1,555,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in MDLZ. Jamison Private Wealth Management Inc. grew its holdings in Mondelez International by 0.6% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after buying an additional 172 shares in the last quarter. Financial Perspectives Inc raised its holdings in shares of Mondelez International by 22.9% during the 3rd quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock worth $59,000 after acquiring an additional 176 shares in the last quarter. Acorn Wealth Advisors LLC boosted its position in shares of Mondelez International by 4.8% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock valued at $259,000 after acquiring an additional 189 shares during the last quarter. Mccarter Private Wealth Services LLC boosted its position in shares of Mondelez International by 3.9% during the 3rd quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock valued at $316,000 after acquiring an additional 190 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its holdings in shares of Mondelez International by 1.6% in the third quarter. 1620 Investment Advisors Inc. now owns 12,232 shares of the company’s stock valued at $764,000 after purchasing an additional 191 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International Stock Up 0.8%
Shares of MDLZ opened at $57.54 on Friday. The company has a market cap of $73.76 billion, a PE ratio of 30.61, a P/E/G ratio of 2.43 and a beta of 0.37. The business has a fifty day moving average of $58.67 and a 200 day moving average of $58.15. 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 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67.
Mondelez International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, March 31st. Mondelez International’s dividend payout ratio is presently 106.38%.
Insiders Place Their Bets
In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the sale, the executive vice president directly owned 99,596 shares of the company’s stock, valued at $6,174,952. This represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Morgan Stanley increased their price target on shares of Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Finally, Wells Fargo & Company lifted their price target on Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.
Read Our Latest Stock Report 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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