Moody Lynn & Lieberson LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,367 shares of the company’s stock after purchasing an additional 11,485 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Mondelez International were worth $4,649,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. lifted its stake in Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 282 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Mondelez International during the 3rd quarter worth approximately $32,000. Halbert Hargrove Global Advisors LLC boosted its position in Mondelez International by 60.3% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after acquiring an additional 196 shares during the last quarter. Finally, Global Wealth Strategies & Associates grew its stake in shares of Mondelez International by 213.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 648 shares of the company’s stock worth $35,000 after acquiring an additional 441 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.
Mondelez International Price Performance
NASDAQ:MDLZ opened at $57.64 on Wednesday. The stock has a market capitalization of $73.89 billion, a PE ratio of 30.66, a P/E/G ratio of 2.43 and a beta of 0.38. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The firm has a fifty day simple moving average of $58.68 and a 200 day simple moving average of $58.17. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.
Mondelez International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 106.38%.
Wall Street Analysts Forecast Growth
MDLZ has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Mondelez International from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $55.00 target price (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Sanford C. Bernstein lowered their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Finally, TD Cowen reduced their price objective on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.
Check Out Our Latest Research Report on MDLZ
Insider Buying and Selling
In related news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the transaction, the executive vice president owned 99,596 shares in the company, valued at approximately $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.
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.
Further Reading
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