Capital International Sarl Boosts Stock Holdings in Mondelez International Inc (NASDAQ:MDLZ)
Capital International Sarl grew its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,677 shares of the company’s stock after acquiring an additional 10,877 shares during the quarter. Capital International Sarl’s holdings in Mondelez International were worth $4,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Americana Partners LLC purchased a new position in Mondelez International during the 4th quarter worth $26,000. IndexIQ Advisors LLC purchased a new position in Mondelez International during the 4th quarter worth $27,000. Retirement Network purchased a new position in Mondelez International during the 4th quarter worth $28,000. Clean Yield Group boosted its holdings in Mondelez International by 65.1% during the 4th quarter. Clean Yield Group now owns 507 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Finally, Manchester Financial Inc. purchased a new position in Mondelez International during the 4th quarter worth $31,000. 78.61% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ MDLZ traded up $1.38 during trading on Thursday, hitting $47.49. 3,776,741 shares of the company’s stock traded hands, compared to its average volume of 13,755,976. The stock has a market capitalization of $66.86 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.53 and a beta of 0.76. Mondelez International Inc has a 12-month low of $41.19 and a 12-month high of $59.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 0.50. The business has a 50 day moving average of $54.44 and a 200-day moving average of $54.24.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, March 30th. Mondelez International’s dividend payout ratio (DPR) is 46.15%.
A number of equities analysts have issued reports on MDLZ shares. Wells Fargo & Co lifted their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Berenberg Bank reissued a “hold” rating on shares of Mondelez International in a report on Thursday, February 6th. Evercore ISI reissued a “buy” rating and issued a $62.00 price target on shares of Mondelez International in a report on Monday, January 27th. Jefferies Financial Group began coverage on shares of Mondelez International in a report on Wednesday, January 22nd. They issued a “buy” rating and a $65.00 price target on the stock. Finally, BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $61.07.
In related news, Director Peter W. May sold 1,177,012 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $57.67, for a total value of $67,878,282.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Mondelez International 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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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