Halsey Associates Inc. CT Takes $234,000 Position in Mondelez International Inc (MDLZ)
Halsey Associates Inc. CT bought a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) during the third quarter, Holdings Channel reports. The fund bought 5,458 shares of the company’s stock, valued at approximately $234,000.
A number of other hedge funds also recently made changes to their positions in MDLZ. Harel Insurance Investments & Financial Services Ltd. bought a new position in Mondelez International during the third quarter worth $129,000. BKS Advisors LLC bought a new position in Mondelez International during the third quarter worth $141,000. Sun Life Financial INC increased its position in Mondelez International by 1,312.4% during the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after acquiring an additional 3,714 shares during the period. TRUE Private Wealth Advisors bought a new position in Mondelez International during the third quarter worth $167,000. Finally, Stelac Advisory Services LLC bought a new position in Mondelez International during the third quarter worth $183,000. 75.19% of the stock is currently owned by institutional investors and hedge funds.
MDLZ opened at $43.55 on Friday. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $46.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.56. The firm has a market cap of $63.31 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.99 and a beta of 0.77.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.39%. Mondelez International’s dividend payout ratio is currently 48.60%.
A number of equities analysts recently issued reports on MDLZ shares. BidaskClub raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. UBS Group set a $51.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 24th. Morgan Stanley started coverage on shares of Mondelez International in a research report on Monday, September 17th. They set an “equal weight” rating and a $47.00 target price on the stock. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $49.17.
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Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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