Czech National Bank raised its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 340,248 shares of the company’s stock after acquiring an additional 11,613 shares during the period. Czech National Bank’s holdings in Mondelez International were worth $18,316,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Jamison Private Wealth Management Inc. increased its stake in shares of Mondelez International by 0.6% during the third 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 during the period. Financial Perspectives Inc lifted its position in Mondelez International by 22.9% in the third quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock valued at $59,000 after purchasing an additional 176 shares during the period. Acorn Wealth Advisors LLC boosted its holdings in Mondelez International by 4.8% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock valued at $259,000 after purchasing an additional 189 shares in the last quarter. Mccarter Private Wealth Services LLC boosted its holdings in Mondelez International by 3.9% in the 3rd quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock valued at $316,000 after purchasing an additional 190 shares in the last quarter. Finally, 1620 Investment Advisors Inc. increased its position in Mondelez International by 1.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 12,232 shares of the company’s stock worth $764,000 after purchasing an additional 191 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Price Performance
MDLZ stock opened at $57.58 on Friday. The firm has a 50 day moving average of $58.65 and a 200-day moving average of $58.31. The company has a market cap of $73.81 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.40 and a beta of 0.38. 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, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15.
Mondelez International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.5%. Mondelez International’s dividend payout ratio is 106.38%.
Insiders Place Their Bets
In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’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 completion of the transaction, the executive vice president owned 99,596 shares in the company, valued at $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Bank of America cut their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 19th. TD Cowen reduced their target price on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Mizuho decreased 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 report on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.71.
View Our Latest Research Report on MDLZ
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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