Marble Wealth LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 17,414 shares of the company’s stock, valued at approximately $937,000.
Other large investors have also added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new stake in Mondelez International in the 3rd quarter valued at $27,000. High Point Wealth Management LLC bought a new stake in Mondelez International in the 4th quarter valued at $30,000. McIlrath & Eck LLC bought a new stake in Mondelez International in the 4th quarter valued at $30,000. Navalign LLC bought a new stake in Mondelez International in the 4th quarter valued at $31,000. Finally, JPL Wealth Management LLC bought a new stake in Mondelez International in the 3rd quarter valued at $32,000. Institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Up 0.0%
MDLZ stock opened at $61.07 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The stock has a market capitalization of $78.39 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 2.39 and a beta of 0.38. The business’s fifty day moving average price is $59.28 and its two-hundred day moving average price is $57.77. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15.
Mondelez International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Bank of America increased their price target on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Wells Fargo & Company increased their price target on Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group increased their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $67.05.
Get Our Latest Analysis on Mondelez International
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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