Townsend & Associates Inc purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,870 shares of the company’s stock, valued at approximately $203,000.
A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Brighton Jones LLC raised its stake in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares during the period. GAMMA Investing LLC raised its stake in shares of Mondelez International by 21.1% in the 1st quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock valued at $1,243,000 after acquiring an additional 3,193 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of Mondelez International in the 1st quarter valued at approximately $232,000. Kingswood Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock valued at $527,000 after acquiring an additional 1,013 shares during the period. Finally, Advisor Resource Council purchased a new stake in shares of Mondelez International in the 1st quarter valued at approximately $392,000. 78.32% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Trading Up 1.4%
NASDAQ MDLZ opened at $62.46 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.82. The stock has a market capitalization of $80.82 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45. The firm has a 50 day moving average of $62.22 and a two-hundred day moving average of $65.24.
Mondelez International Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on MDLZ shares. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Barclays lifted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Sanford C. Bernstein lifted their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.84.
Get Our Latest Report on Mondelez International
Mondelez International Profile
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.
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