Lido Advisors LLC Raises Holdings in Mondelez International Inc (MDLZ)
Lido Advisors LLC raised its position in Mondelez International Inc (NASDAQ:MDLZ) by 298.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,998 shares of the company’s stock after buying an additional 14,974 shares during the quarter. Lido Advisors LLC’s holdings in Mondelez International were worth $805,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc raised its stake in shares of Mondelez International by 0.9% in the third quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after buying an additional 944,384 shares during the period. BlackRock Inc. grew its position in shares of Mondelez International by 4.0% in the fourth quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after purchasing an additional 3,487,619 shares in the last quarter. Northern Trust Corp grew its position in shares of Mondelez International by 3.6% in the fourth quarter. Northern Trust Corp now owns 20,893,890 shares of the company’s stock valued at $836,382,000 after purchasing an additional 723,025 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Mondelez International by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after purchasing an additional 1,928,429 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Mondelez International by 1.0% in the third quarter. Macquarie Group Ltd. now owns 18,313,517 shares of the company’s stock valued at $786,748,000 after purchasing an additional 186,970 shares in the last quarter. Hedge funds and other institutional investors own 75.87% of the company’s stock.
Mondelez International stock opened at $47.80 on Friday. Mondelez International Inc has a 52 week low of $37.42 and a 52 week high of $48.46. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30. The stock has a market cap of $69.03 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, March 28th. Mondelez International’s payout ratio is 42.80%.
In related news, EVP Gerhard W. Pleuhs sold 29,340 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the transaction, the executive vice president now directly owns 229,700 shares in the company, valued at $10,961,284. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Vinzenz P. Gruber sold 10,945 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $45.86, for a total value of $501,937.70. Following the transaction, the executive vice president now owns 139,584 shares of the company’s stock, valued at $6,401,322.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,127 shares of company stock valued at $3,398,519. 2.00% of the stock is owned by company insiders.
Several brokerages have recently weighed in on MDLZ. BidaskClub upgraded Mondelez International from a “buy” rating to a “strong-buy” rating in a research report on Saturday. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Barclays reiterated a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research report on Friday, February 1st. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, Guggenheim began coverage on Mondelez International in a research report on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and an average target price of $47.27.
TRADEMARK VIOLATION NOTICE: “Lido Advisors LLC Raises Holdings in Mondelez International Inc (MDLZ)” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/lido-advisors-llc-raises-holdings-in-mondelez-international-inc-mdlz/2895619.html.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
Read More: Why is the ROA ratio important?
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.