Jones Financial Companies Lllp Has $39.22 Million Stock Position in Mondelez International, Inc. $MDLZ

Jones Financial Companies Lllp grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.0% in the third quarter, Holdings Channel.com reports. The fund owned 622,082 shares of the company’s stock after buying an additional 46,182 shares during the period. Jones Financial Companies Lllp’s holdings in Mondelez International were worth $39,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MDLZ. State Street Corp increased its holdings in Mondelez International by 1.1% in the 2nd quarter. State Street Corp now owns 59,446,397 shares of the company’s stock valued at $4,036,594,000 after buying an additional 670,634 shares during the period. Geode Capital Management LLC boosted its position in shares of Mondelez International by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after acquiring an additional 242,695 shares in the last quarter. Norges Bank bought a new stake in Mondelez International in the second quarter valued at about $1,239,834,000. Invesco Ltd. raised its position in Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after purchasing an additional 1,345,078 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Mondelez International by 1.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 8,096,303 shares of the company’s stock worth $546,015,000 after purchasing an additional 145,442 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 0.4%

Shares of MDLZ opened at $58.69 on Tuesday. The stock has a fifty day moving average price of $55.61 and a two-hundred day moving average price of $59.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The company has a market cap of $75.73 billion, a price-to-earnings ratio of 21.98 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Mondelez International’s payout ratio is currently 74.91%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MDLZ shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Mondelez International in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Zacks Research cut Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Piper Sandler lowered their target price on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.11.

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.