Two Sigma Securities LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 57,767 shares of the company’s stock, valued at approximately $3,341,000.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares during the last quarter. United Bank boosted its holdings in shares of Mondelez International by 13.2% during the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after buying an additional 3,070 shares during the period. Sei Investments Co. grew its stake in Mondelez International by 15.1% in the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after buying an additional 71,667 shares during the last quarter. Osterweis Capital Management Inc. grew its stake in Mondelez International by 4,470.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after buying an additional 1,341 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in Mondelez International by 144.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after acquiring an additional 4,668 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Stock Performance
Shares of Mondelez International stock opened at $62.36 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The company has a market capitalization of $79.59 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.53 and a beta of 0.38. The firm’s 50-day moving average price is $61.44 and its two-hundred day moving average price is $60.23.
Mondelez International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 73.53%.
Insider Buying and Selling
In other Mondelez International news, CEO De Put Dirk Van sold 133,580 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
MDLZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. TD Cowen boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.30.
View Our Latest Analysis on Mondelez International
About Mondelez International
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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