Holowesko Partners Ltd. increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 118.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 394,600 shares of the company’s stock after purchasing an additional 213,800 shares during the quarter. Mondelez International makes up 7.4% of Holowesko Partners Ltd.’s investment portfolio, making the stock its 7th largest holding. Holowesko Partners Ltd.’s holdings in Mondelez International were worth $21,241,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Mondelez International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after purchasing an additional 1,646,213 shares during the period. Capital International Investors lifted its stake in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after acquiring an additional 10,137,457 shares during the period. State Street Corp lifted its stake in shares of Mondelez International by 1.5% during the third quarter. State Street Corp now owns 60,309,117 shares of the company’s stock valued at $3,797,087,000 after acquiring an additional 862,720 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Mondelez International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after buying an additional 108,179 shares during the period. 78.32% of the stock is owned by institutional investors.
Mondelez International Price Performance
Mondelez International stock opened at $62.04 on Monday. 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 52 week low of $51.20 and a 52 week high of $71.15. The stock has a market capitalization of $79.64 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38. The stock has a fifty day moving average of $59.64 and a 200-day moving average of $57.90.
Mondelez International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on MDLZ. BTIG Research began 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. Argus raised shares of Mondelez International to a “hold” rating in a research note on Thursday, February 12th. TD Cowen raised their price target on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Barclays raised their price target on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $67.05.
Check Out Our Latest Stock Report on MDLZ
About Mondelez International
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
- Five stocks we like better than Mondelez International
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.
