Burling Wealth Partners LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 30.3% in the 4th quarter, Holdings Channel reports. The firm owned 35,527 shares of the company’s stock after acquiring an additional 8,253 shares during the quarter. Burling Wealth Partners LLC’s holdings in Mondelez International were worth $1,912,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in MDLZ. KERR FINANCIAL PLANNING Corp acquired a new position in Mondelez International in the 3rd quarter valued at $27,000. High Point Wealth Management LLC acquired a new position in Mondelez International in the 4th quarter valued at $30,000. McIlrath & Eck LLC acquired a new position in Mondelez International in the 4th quarter valued at $30,000. Navalign LLC acquired a new position in Mondelez International in the 4th quarter valued at $31,000. Finally, JPL Wealth Management LLC acquired a new position in Mondelez International in the 3rd quarter valued at $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.
Mondelez International Stock Performance
Shares of Mondelez International stock opened at $61.84 on Thursday. The business has a 50-day moving average of $58.40 and a 200 day moving average of $57.49. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The stock has a market capitalization of $79.38 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is 99.50%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on MDLZ shares. Piper Sandler raised their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Wells Fargo & Company raised their target price on Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Argus raised Mondelez International to a “hold” rating in a research note on Thursday, February 12th. Finally, TD Cowen raised their target price on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $67.05.
Check Out 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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