Buckingham Asset Management LLC Buys 1,055 Shares of Mondelez International Inc (NASDAQ:MDLZ)
Buckingham Asset Management LLC boosted its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 8.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,121 shares of the company’s stock after buying an additional 1,055 shares during the quarter. Buckingham Asset Management LLC’s holdings in Mondelez International were worth $657,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Total Clarity Wealth Management Inc. acquired a new position in Mondelez International during the fourth quarter worth approximately $25,000. Americana Partners LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $26,000. IndexIQ Advisors LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $27,000. Marquette Asset Management LLC acquired a new position in shares of Mondelez International in the first quarter valued at approximately $25,000. Finally, Retirement Network acquired a new stake in Mondelez International during the fourth quarter worth approximately $28,000. 78.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:MDLZ opened at $49.96 on Friday. The firm has a market cap of $72.22 billion, a P/E ratio of 19.59, a P/E/G ratio of 3.07 and a beta of 0.62. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 0.54. Mondelez International Inc has a 12-month low of $41.19 and a 12-month high of $59.96. The business has a fifty day simple moving average of $51.04 and a 200 day simple moving average of $53.33.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.285 per share. The ex-dividend date is Monday, June 29th. This represents a $1.14 dividend on an annualized basis and a yield of 2.28%. Mondelez International’s payout ratio is currently 46.15%.
In other Mondelez International news, Director Charles E. Bunch purchased 2,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $50.32 per share, for a total transaction of $100,640.00. Company insiders own 1.30% of the company’s stock.
MDLZ has been the topic of a number of analyst reports. Evercore ISI reissued a “buy” rating and set a $62.00 price target on shares of Mondelez International in a research report on Monday, January 27th. Credit Suisse Group reissued a “buy” rating and set a $62.00 price target on shares of Mondelez International in a research report on Thursday, May 7th. Wells Fargo & Co increased their price target on Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Stifel Nicolaus raised Mondelez International from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Monday, March 30th. Finally, Piper Sandler cut their target price on Mondelez International from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.00.
About Mondelez International
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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