Edgar Lomax Co. VA Has $58.78 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Edgar Lomax Co. VA grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 337.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 984,040 shares of the company’s stock after buying an additional 759,225 shares during the quarter. Mondelez International makes up approximately 3.8% of Edgar Lomax Co. VA’s investment portfolio, making the stock its 5th largest holding. Edgar Lomax Co. VA’s holdings in Mondelez International were worth $58,777,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC bought a new position in shares of Mondelez International in the fourth quarter worth $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at about $31,000. McClarren Financial Advisors Inc. purchased a new stake in Mondelez International in the 4th quarter worth approximately $32,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International in the 4th quarter valued at $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 1.3 %

Mondelez International stock opened at $67.32 on Friday. The business has a fifty day moving average price of $65.25 and a 200-day moving average price of $64.02. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market capitalization of $87.08 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International’s payout ratio is currently 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Piper Sandler increased their target price on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. Morgan Stanley started coverage on Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 price target for the company. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.80.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.