Eurizon Capital SGR S.p.A. acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 373,204 shares of the company’s stock, valued at approximately $20,094,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. OLD Republic International Corp raised its position in shares of Mondelez International by 156.6% during the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after buying an additional 252,700 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Mondelez International by 8.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock valued at $39,220,000 after buying an additional 46,182 shares in the last quarter. E. Ohman J or Asset Management AB purchased a new stake in shares of Mondelez International during the 4th quarter valued at $2,629,000. VCI Wealth Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at $970,000. Finally, Wealthfront Advisers LLC raised its position in shares of Mondelez International by 15.3% during the 4th quarter. Wealthfront Advisers LLC now owns 216,823 shares of the company’s stock valued at $11,672,000 after buying an additional 28,797 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Trading Down 2.0%
Shares of MDLZ opened at $61.17 on Friday. The firm’s 50-day moving average price is $59.19 and its 200-day moving average price is $57.73. The firm has a market capitalization of $78.52 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.39 and a beta of 0.39. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15.
Mondelez International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s payout ratio is presently 99.50%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. DA Davidson restated a “neutral” rating and set a $62.00 price objective on shares of Mondelez International in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. TD Cowen increased their target price on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Stifel Nicolaus reduced their target price on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $67.05.
View Our Latest Analysis on MDLZ
Mondelez International 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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