Kepler Cheuvreux Suisse SA acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 41,167 shares of the company’s stock, valued at approximately $2,572,000.
Other institutional investors have also added to or reduced their stakes in the company. Soundwatch Capital LLC purchased a new stake in shares of Mondelez International during the second quarter valued at $27,000. Richardson Financial Services Inc. raised its position in Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after buying an additional 282 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its position in Mondelez International by 60.3% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after buying an additional 196 shares during the last quarter. Traub Capital Management LLC bought a new position in Mondelez International during the 2nd quarter valued at about $37,000. Finally, GGM Financials LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $41,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International Price Performance
Shares of Mondelez International stock opened at $56.58 on Wednesday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The stock’s fifty day moving average is $58.16 and its 200 day moving average is $58.69. The stock has a market cap of $72.53 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.42 and a beta of 0.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59.
Mondelez International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Mondelez International’s payout ratio is presently 106.38%.
Insider Activity
In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 99,596 shares in the company, valued at approximately $6,174,952. The trade was a 2.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.
Analyst Ratings Changes
MDLZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. UBS Group lowered their target price on Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Argus raised shares of Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein lowered their price objective 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. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.
Check Out Our Latest Stock 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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