Rathbones Group PLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 8.3% in the first quarter, HoldingsChannel.com reports. The firm owned 585,413 shares of the company’s stock after selling 53,319 shares during the quarter. Rathbones Group PLC’s holdings in Mondelez International were worth $33,743,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. J.Safra Asset Management Corp bought a new position in shares of Mondelez International during the fourth quarter worth approximately $25,000. Advocate Investing Services LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $28,000. High Point Wealth Management LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Finally, McIlrath & Eck LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 78.32% of the company’s stock.
Mondelez International Stock Performance
Shares of Mondelez International stock opened at $62.31 on Monday. The company’s 50 day moving average price is $60.99 and its two-hundred day moving average price is $59.59. The firm has a market capitalization of $79.98 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.53 and a beta of 0.38. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.
Mondelez International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, June 30th. Mondelez International’s dividend payout ratio is 73.53%.
Trending Headlines about Mondelez International
Here are the key news stories impacting Mondelez International this week:
- Positive Sentiment: Analyst price targets point to upside. JPMorgan Chase, TD Cowen and BNP Paribas Exane reportedly expect meaningful appreciation in Mondelez shares, reinforcing the view that the company’s valuation and consumer-staples profile offer potential upside. JPMorgan Chase forecasts strong price appreciation TD Cowen forecasts strong price appreciation BNP Paribas Exane expects Mondelez stock to rise
- Positive Sentiment: Barclays raised its target. Barclays lifted its Mondelez price target from $68 to $70 and maintained an “overweight” rating, implying approximately 12% upside from the referenced share price. The target increase is a direct positive catalyst for investor sentiment. Barclays raises Mondelez price target
- Neutral Sentiment: Wall Street coverage is not uniformly bullish. Recent roundups describe conflicting analyst views on Mondelez alongside other consumer-goods companies. That disagreement may produce volatility and limit the impact of the favorable target revisions. Conflicting analyst sentiment on consumer-goods companies Wall Street sentiment on Mondelez
- Neutral Sentiment: Brand marketing provides a modest operating catalyst. Mondelez launched a limited-edition CHIPS AHOY! mystery flavor campaign designed to increase consumer engagement, but the initiative is unlikely to materially affect near-term earnings. CHIPS AHOY! mystery flavor launch
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. TD Cowen upped their target price on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. UBS Group increased their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Jefferies Financial Group restated a “buy” rating and issued a $73.00 price target on shares of Mondelez International in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.
Read Our Latest Stock Analysis on Mondelez International
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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