Signet Private Wealth LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,955 shares of the company’s stock, valued at approximately $536,000.
Several other hedge funds have also modified their holdings of MDLZ. Ameritas Investment Partners Inc. boosted its stake in shares of Mondelez International by 5.8% in the 4th quarter. Ameritas Investment Partners Inc. now owns 59,006 shares of the company’s stock valued at $3,176,000 after buying an additional 3,212 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $25,000. GWN Securities Inc. raised its holdings in Mondelez International by 11.3% in the fourth quarter. GWN Securities Inc. now owns 48,847 shares of the company’s stock valued at $2,629,000 after acquiring an additional 4,959 shares in the last quarter. Deutsche Bank AG lifted its stake in Mondelez International by 12.5% in the fourth quarter. Deutsche Bank AG now owns 14,353,633 shares of the company’s stock worth $772,656,000 after acquiring an additional 1,589,713 shares during the last quarter. Finally, Capital Analysts LLC lifted its stake in Mondelez International by 17.1% in the fourth quarter. Capital Analysts LLC now owns 9,056 shares of the company’s stock worth $487,000 after acquiring an additional 1,321 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Stock Up 2.0%
MDLZ stock opened at $64.18 on Thursday. The stock has a market cap of $82.38 billion, a P/E ratio of 31.93, a PEG ratio of 2.46 and a beta of 0.38. 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 twelve month low of $51.20 and a twelve month high of $71.15. The company’s 50 day moving average is $59.93 and its two-hundred day moving average is $58.05.
Mondelez International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Mondelez International’s dividend payout ratio is presently 99.50%.
Wall Street Analysts Forecast Growth
MDLZ has been the topic of a number of recent analyst reports. Argus raised shares of Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Sanford C. Bernstein decreased their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. UBS Group boosted their target price 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. TD Cowen increased their target price on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. 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 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 $67.05.
Read Our Latest Research Report 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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