Lawood & Co. acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,806 shares of the company’s stock, valued at approximately $528,000.
Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Mondelez International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after acquiring an additional 1,646,213 shares in the last quarter. Capital International Investors lifted its stake in Mondelez International by 9.7% in the 3rd quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after acquiring an additional 6,958,868 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Mondelez International by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after buying an additional 10,137,457 shares in the last quarter. State Street Corp lifted its position in Mondelez International by 1.5% during the 3rd quarter. State Street Corp now owns 60,309,117 shares of the company’s stock worth $3,797,087,000 after buying an additional 862,720 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Mondelez International by 2.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 15,664,043 shares of the company’s stock worth $977,337,000 after buying an additional 323,602 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Down 0.9%
Shares of MDLZ stock opened at $60.44 on Friday. 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 moving average is $58.20 and its 200-day moving average is $57.45. The stock has a market cap of $77.58 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 2.39 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.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut 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 report on Monday, March 30th. Stifel Nicolaus cut their price target on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Bank of America upped their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Wells Fargo & Company upped their price objective on Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, TD Cowen upped their price objective 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 analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.
View Our Latest Report on MDLZ
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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