MUFG Securities EMEA plc boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 113.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,899 shares of the company’s stock after purchasing an additional 28,132 shares during the quarter. MUFG Securities EMEA plc’s holdings in Mondelez International were worth $2,848,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new position in Mondelez International in the 3rd quarter worth about $27,000. JPL Wealth Management LLC bought a new position in Mondelez International in the 3rd quarter worth about $32,000. McIlrath & Eck LLC bought a new position in Mondelez International in the 4th quarter worth about $30,000. High Point Wealth Management LLC bought a new position in Mondelez International in the 4th quarter worth about $30,000. Finally, Navalign LLC bought a new position in Mondelez International in the 4th quarter worth about $31,000. Institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Performance
Shares of MDLZ stock opened at $61.05 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The stock has a 50 day moving average price of $59.28 and a two-hundred day moving average price of $57.77. The company has a market capitalization of $78.37 billion, a P/E ratio of 30.37, a PEG ratio of 2.39 and a beta of 0.38.
Mondelez International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s payout ratio is presently 99.50%.
Wall Street Analyst Weigh In
Several research analysts have commented on MDLZ shares. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. 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. JPMorgan Chase & Co. lifted their price target on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. UBS Group upped their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, BTIG Research assumed coverage on shares of Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.05.
Read Our Latest Research 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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