American Century Companies Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 25.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,733,040 shares of the company’s stock after buying an additional 1,162,966 shares during the period. American Century Companies Inc. owned 0.44% of Mondelez International worth $358,143,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Jamison Private Wealth Management Inc. raised its position in shares of Mondelez International by 0.6% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after acquiring an additional 172 shares in the last quarter. Financial Perspectives Inc grew its stake in Mondelez International by 22.9% during the third quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock worth $59,000 after purchasing an additional 176 shares during the period. Lakeridge Wealth Management LLC grew its stake in Mondelez International by 5.7% during the second quarter. Lakeridge Wealth Management LLC now owns 3,405 shares of the company’s stock worth $230,000 after purchasing an additional 185 shares during the period. Acorn Wealth Advisors LLC increased its holdings in Mondelez International by 4.8% in the third quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock worth $259,000 after purchasing an additional 189 shares in the last quarter. Finally, Mccarter Private Wealth Services LLC lifted its stake in Mondelez International by 3.9% in the third quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock valued at $316,000 after buying an additional 190 shares during the period. Institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Performance
Shares of MDLZ stock opened at $61.58 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The firm has a 50-day moving average of $57.62 and a 200-day moving average of $58.93. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company has a market cap of $78.94 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.50 and a beta of 0.38.
Mondelez International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors 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 3.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.
Analysts Set New Price Targets
Several brokerages have recently commented on MDLZ. Argus raised shares of Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Mizuho cut their target price on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. TD Cowen reduced their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.06.
Read Our Latest Report on MDLZ
Insider Buying and Selling
In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. The trade was a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.
Mondelez International 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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