Mondelez International, Inc. $MDLZ Stock Position Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 622,082 shares of the company’s stock after buying an additional 46,182 shares during the quarter. Jones Financial Companies Lllp’s holdings in Mondelez International were worth $39,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. Soundwatch Capital LLC acquired a new position in shares of Mondelez International during the 2nd quarter worth $27,000. Rossby Financial LCC lifted its stake in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. Aspect Partners LLC boosted its holdings in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Richardson Financial Services Inc. increased its position in Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after buying an additional 282 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in Mondelez International during the second quarter worth $33,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MDLZ shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. TD Cowen reduced their target price on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 8th. JPMorgan Chase & Co. lowered their price target on Mondelez International from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Royal Bank Of Canada dropped their price target on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Barclays decreased their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.11.

Mondelez International Stock Up 0.4%

Shares of MDLZ stock opened at $58.69 on Tuesday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The firm has a market cap of $75.73 billion, a PE ratio of 21.98 and a beta of 0.39. The stock has a 50 day moving average of $55.61 and a 200-day moving average of $59.60. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Mondelez International’s payout ratio is presently 74.91%.

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.