BNP Paribas Financial Markets raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 41.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,006,627 shares of the company’s stock after acquiring an additional 1,166,036 shares during the quarter. BNP Paribas Financial Markets’ holdings in Mondelez International were worth $215,677,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. OLD Republic International Corp boosted its position in shares of Mondelez International by 156.6% during the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after purchasing an additional 252,700 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Mondelez International by 8.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock worth $39,220,000 after purchasing an additional 46,182 shares in the last quarter. E. Ohman J or Asset Management AB bought a new position in shares of Mondelez International during the 4th quarter worth about $2,629,000. VCI Wealth Management LLC bought a new position in shares of Mondelez International during the 4th quarter worth about $970,000. Finally, Wealthfront Advisers LLC boosted its position in shares of Mondelez International by 15.3% during the 4th quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock worth $11,672,000 after purchasing an additional 28,797 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.
Mondelez International Trading Down 2.0%
NASDAQ:MDLZ opened at $61.17 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The firm has a market cap of $78.52 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 2.39 and a beta of 0.39. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15. The firm has a 50-day moving average price of $59.19 and a two-hundred day moving average price of $57.73.
Mondelez International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid 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 dividend payout ratio (DPR) is 99.50%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on MDLZ. Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. UBS Group raised their price target on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Argus raised shares of Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Finally, BTIG Research started coverage on shares of Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $67.05.
View Our Latest Report on Mondelez International
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.
Featured Articles
- Five stocks we like better than Mondelez International
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ – Free Report).
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.
