Signature Estate & Investment Advisors LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 26.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,529 shares of the company’s stock after buying an additional 1,979 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Mondelez International were worth $643,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the last quarter. Nuveen LLC purchased a new position in Mondelez International during the 1st quarter worth approximately $866,843,000. Goldman Sachs Group Inc. grew its stake in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares during the last quarter. Natixis Advisors LLC grew its stake in Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after buying an additional 1,775,570 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in Mondelez International by 659.9% during the 1st quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock worth $101,988,000 after buying an additional 1,305,332 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Up 0.6%
MDLZ opened at $62.81 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The business has a 50 day simple moving average of $62.25 and a 200-day simple moving average of $65.21. The stock has a market capitalization of $81.27 billion, a P/E ratio of 23.01, a P/E/G ratio of 5.58 and a beta of 0.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.82.
Mondelez International Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is 73.26%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on MDLZ. JPMorgan Chase & Co. dropped their price target on Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley lowered their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Piper Sandler lifted their target price on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, UBS Group lowered their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.84.
Read Our Latest Stock Analysis on MDLZ
Mondelez International Company 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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