Lantz Financial LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,308 shares of the company’s stock, valued at approximately $2,456,000.
A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. Canvas Wealth Advisors LLC raised its stake in Mondelez International by 7.2% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 4,554 shares of the company’s stock valued at $285,000 after purchasing an additional 306 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in shares of Mondelez International by 11.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 10,634 shares of the company’s stock worth $664,000 after purchasing an additional 1,105 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in shares of Mondelez International by 3.4% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 81,073 shares of the company’s stock worth $5,065,000 after purchasing an additional 2,646 shares during the period. Smartleaf Asset Management LLC grew its position in Mondelez International by 32.5% during the third quarter. Smartleaf Asset Management LLC now owns 28,727 shares of the company’s stock worth $1,799,000 after buying an additional 7,051 shares in the last quarter. Finally, Moloney Securities Asset Management LLC increased its stake in Mondelez International by 2.8% during the third quarter. Moloney Securities Asset Management LLC now owns 7,636 shares of the company’s stock valued at $477,000 after acquiring an additional 208 shares during the period. Institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Down 0.5%
MDLZ opened at $60.02 on Friday. The firm has a market cap of $77.45 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.51 and a beta of 0.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.37 and a current ratio of 0.59. The firm’s 50-day simple moving average is $55.84 and its 200-day simple moving average is $59.39. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $71.15.
Mondelez International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is currently 106.38%.
Wall Street Analyst Weigh In
A number of brokerages have commented on MDLZ. Wells Fargo & Company raised their price objective on Mondelez International from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Mizuho dropped their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.44.
View Our Latest Analysis on MDLZ
Mondelez International Company 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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