Sanctuary Advisors LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 17.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,561 shares of the company’s stock after selling 43,655 shares during the quarter. Sanctuary Advisors LLC’s holdings in Mondelez International were worth $11,791,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Whipplewood Advisors LLC lifted its holdings in shares of Mondelez International by 35.5% during the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after acquiring an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Mondelez International by 3.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock worth $292,000 after purchasing an additional 173 shares in the last quarter. Leo Wealth LLC increased its position in shares of Mondelez International by 2.4% during the 4th quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock worth $403,000 after purchasing an additional 176 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in Mondelez International by 0.6% during the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after purchasing an additional 177 shares during the last quarter. Finally, Columbia Asset Management lifted its holdings in Mondelez International by 1.3% during the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after purchasing an additional 180 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.
Mondelez International Trading Up 4.6%
MDLZ opened at $61.42 on Friday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The stock has a market capitalization of $78.84 billion, a PE ratio of 30.56, a PEG ratio of 2.30 and a beta of 0.39. 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 firm has a 50-day moving average price of $60.98 and a two-hundred day moving average price of $59.00.
Mondelez International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid 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%.
Analysts Set New Price Targets
Several brokerages have weighed in on MDLZ. Bank of America upped their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. BTIG Research initiated coverage on Mondelez International in a research report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.44.
View 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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