Zions Bancorporation National Association UT cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 32.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,385 shares of the company’s stock after selling 11,232 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Mondelez International were worth $1,461,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of MDLZ. AlphaStar Capital Management LLC acquired a new stake in Mondelez International in the second quarter worth $1,336,000. Asset Management One Co. Ltd. boosted its position in shares of Mondelez International by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock worth $45,411,000 after purchasing an additional 22,194 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Mondelez International by 70.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock valued at $29,302,000 after buying an additional 193,956 shares during the period. Oregon Public Employees Retirement Fund increased its position in Mondelez International by 32.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 147,913 shares of the company’s stock valued at $9,240,000 after buying an additional 36,037 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in Mondelez International by 324.5% in the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after buying an additional 1,699,980 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.
Mondelez International Price Performance
MDLZ stock opened at $62.59 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The stock has a market cap of $80.23 billion, a PE ratio of 33.29, a P/E/G ratio of 2.61 and a beta of 0.38. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The company has a 50-day moving average price of $56.56 and a 200 day moving average price of $59.03.
Mondelez International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s payout ratio is presently 106.38%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. TD Cowen cut their target price on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Wells Fargo & Company raised their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Barclays dropped their price target on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $67.75.
Check Out Our Latest Analysis on MDLZ
Insider Activity at Mondelez International
In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the sale, the executive vice president directly owned 99,596 shares in the company, valued at $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.
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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