Flossbach Von Storch SE bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 75,386 shares of the company’s stock, valued at approximately $4,360,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its stake in shares of Mondelez International by 35.5% in the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after purchasing an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock worth $292,000 after purchasing an additional 173 shares in the last quarter. Granite Investment Partners LLC increased its holdings in shares of Mondelez International by 0.6% in the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after acquiring an additional 177 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in Mondelez International by 2.1% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock valued at $515,000 after purchasing an additional 179 shares during the last quarter. Finally, Columbia Asset Management grew its position in shares of Mondelez International by 1.3% during the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Performance
Shares of NASDAQ MDLZ opened at $64.16 on Thursday. The business’s 50-day moving average price is $61.18 and its two-hundred day moving average price is $60.04. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. The company has a market capitalization of $81.89 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.55 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.
Mondelez International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio (DPR) is 73.53%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on MDLZ shares. BNP Paribas Exane upped their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.
Get Our Latest Report on Mondelez International
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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