Cetera Investment Advisers grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 31.9% in the first quarter, HoldingsChannel.com reports. The fund owned 635,656 shares of the company’s stock after acquiring an additional 153,630 shares during the quarter. Cetera Investment Advisers’ holdings in Mondelez International were worth $36,639,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares during the period. United Bank grew its position in shares of Mondelez International by 13.2% during the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after buying an additional 3,070 shares during the period. Sei Investments Co. increased its stake in shares of Mondelez International by 15.1% in the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after acquiring an additional 71,667 shares in the last quarter. Osterweis Capital Management Inc. increased its stake in shares of Mondelez International by 4,470.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Mondelez International by 144.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after acquiring an additional 4,668 shares in the last quarter. 78.32% of the stock is owned by institutional investors.
Mondelez International Price Performance
Shares of NASDAQ MDLZ opened at $60.52 on Friday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $70.61. The stock has a market cap of $77.69 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.51 and a beta of 0.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The firm’s 50-day simple moving average is $60.88 and its 200 day simple moving average is $59.23.
Mondelez International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.
Analyst Ratings Changes
MDLZ has been the topic of several research analyst reports. Bank of America increased their target price on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Barclays increased their price objective on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their target price on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. TD Cowen boosted 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, Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.44.
Check Out Our Latest Analysis 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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