Community Financial Services Group LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 82.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,019 shares of the company’s stock after selling 41,844 shares during the period. Community Financial Services Group LLC’s holdings in Mondelez International were worth $485,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 282 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Mondelez International in the third quarter valued at approximately $32,000. Halbert Hargrove Global Advisors LLC boosted its holdings in Mondelez International by 60.3% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after acquiring an additional 196 shares during the last quarter. Finally, Global Wealth Strategies & Associates increased its position in Mondelez International by 213.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 648 shares of the company’s stock valued at $35,000 after purchasing an additional 441 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.
Mondelez International Stock Performance
Shares of MDLZ stock opened at $57.64 on Wednesday. The firm has a 50 day moving average of $58.68 and a 200-day moving average of $58.17. The company has a market cap of $73.89 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15.
Mondelez International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Mondelez International’s dividend payout ratio (DPR) is currently 106.38%.
Insider Activity at Mondelez International
In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 99,596 shares of the company’s stock, valued at $6,174,952. The trade was a 2.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on MDLZ. Morgan Stanley boosted their price target on shares of Mondelez International from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Bank of America decreased their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research note on Monday. TD Cowen dropped their target price on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Zacks Research raised shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.00.
Read Our Latest Analysis 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.
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