Villere ST Denis J & Co. LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 327,131 shares of the company’s stock after selling 10,453 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Mondelez International were worth $17,609,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MDLZ. JPMorgan Chase & Co. increased its position in shares of Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after buying an additional 10,137,457 shares during the period. Capital International Investors grew its holdings in Mondelez International by 9.7% in the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after purchasing an additional 6,958,868 shares during the period. Van ECK Associates Corp grew its holdings in Mondelez International by 103.2% in the third quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock worth $324,363,000 after purchasing an additional 2,637,287 shares during the period. Federated Hermes Inc. grew its holdings in Mondelez International by 2,080.4% in the third quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock worth $154,112,000 after purchasing an additional 2,353,841 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in Mondelez International by 63.4% in the third quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock worth $297,694,000 after purchasing an additional 1,849,482 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Stock Down 0.1%
Shares of NASDAQ MDLZ opened at $56.06 on Thursday. The stock has a market capitalization of $71.86 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.38 and a beta of 0.37. The company has a 50-day moving average price of $58.19 and a 200-day moving average price of $57.59. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39.
Mondelez International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.
Insider Buying and Selling at Mondelez International
In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the transaction, the executive vice president directly owned 99,596 shares of the company’s stock, valued at $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is owned by insiders.
Analyst Ratings Changes
MDLZ has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Sanford C. Bernstein reduced their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a report on Monday, March 30th. Argus upgraded shares of Mondelez International to a “hold” rating in a report on Thursday, February 12th. Finally, Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.47.
Get Our Latest Stock Analysis on MDLZ
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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