Heartland Bank & Trust Co acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the first quarter, HoldingsChannel reports. The fund acquired 8,753 shares of the company’s stock, valued at approximately $505,000.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Mondelez International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after acquiring an additional 1,646,213 shares during the period. Capital International Investors boosted its position in shares of Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after purchasing an additional 8,382,270 shares during the period. State Street Corp boosted its position in shares of Mondelez International by 1.5% in the fourth quarter. State Street Corp now owns 61,217,193 shares of the company’s stock worth $3,325,625,000 after purchasing an additional 908,076 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Mondelez International by 12.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after purchasing an additional 3,993,811 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Mondelez International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock worth $1,570,182,000 after purchasing an additional 108,179 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.
Mondelez International Price Performance
MDLZ stock opened at $61.00 on Friday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company’s fifty day moving average price is $60.97 and its 200-day moving average price is $59.02. 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 company has a market capitalization of $78.30 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39.
Mondelez International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International’s dividend payout ratio is 99.50%.
Analyst Upgrades and Downgrades
MDLZ has been the topic of a number of analyst reports. TD Cowen lifted their target price on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. UBS Group raised their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Barclays boosted their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.44.
Check Out Our Latest Stock Analysis 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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