NewEdge Wealth LLC decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 13.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,844 shares of the company’s stock after selling 9,589 shares during the quarter. NewEdge Wealth LLC’s holdings in Mondelez International were worth $3,565,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after purchasing an additional 1,646,213 shares during the period. Capital International Investors grew its stake in shares of Mondelez International by 10.7% in the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after buying an additional 8,382,270 shares during the period. State Street Corp grew its stake in shares of Mondelez International by 1.5% in the 4th quarter. State Street Corp now owns 61,217,193 shares of the company’s stock valued at $3,325,625,000 after buying an additional 908,076 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Mondelez International by 12.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after buying an additional 3,993,811 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Mondelez International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock worth $1,570,182,000 after buying an additional 108,179 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Price Performance
Shares of MDLZ opened at $60.52 on Friday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $70.61. The stock has a market cap of $77.69 billion, a PE ratio of 30.11, a P/E/G ratio of 2.49 and a beta of 0.39. The firm has a 50-day simple moving average of $60.88 and a two-hundred day simple moving average of $59.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37.
Mondelez International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s payout ratio is presently 99.50%.
Wall Street Analyst Weigh In
Several analysts have recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. TD Cowen lifted their target price on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, UBS Group upped their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.44.
View Our Latest Stock Report on MDLZ
Mondelez International Company 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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