Lindsell Train Ltd lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 20.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,561,964 shares of the company’s stock after selling 917,890 shares during the quarter. Mondelez International makes up 6.5% of Lindsell Train Ltd’s portfolio, making the stock its 7th biggest holding. Lindsell Train Ltd’s holdings in Mondelez International were worth $205,312,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. KERR FINANCIAL PLANNING Corp purchased a new position in Mondelez International in the 3rd quarter worth approximately $27,000. J.Safra Asset Management Corp purchased a new stake in Mondelez International during the 4th quarter valued at approximately $25,000. Advocate Investing Services LLC purchased a new stake in Mondelez International during the 4th quarter valued at approximately $25,000. JPL Wealth Management LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $32,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $28,000. Institutional investors own 78.32% of the company’s stock.
Mondelez International Trading Up 2.6%
MDLZ opened at $59.35 on Thursday. The firm has a market cap of $76.18 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.26 and a beta of 0.39. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $60.86 and a 200 day moving average of $58.59.
Mondelez International Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, June 30th. Mondelez International’s dividend payout ratio is presently 99.50%.
Analyst Ratings Changes
A number of brokerages recently weighed in on MDLZ. Bank of America upped their target price on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. BTIG Research assumed coverage on shares of Mondelez International in a report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased 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 note on Monday, March 30th. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, UBS Group raised their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $67.05.
Get Our Latest Report on Mondelez International
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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