Gabelli Funds LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 753,150 shares of the company's stock after selling 34,000 shares during the period. Gabelli Funds LLC owned about 0.06% of Mondelez International worth $44,986,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of MDLZ. Glass Jacobson Investment Advisors llc grew its stake in shares of Mondelez International by 6.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after acquiring an additional 181 shares during the period. Traphagen Investment Advisors LLC boosted its stake in shares of Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after acquiring an additional 187 shares in the last quarter. Core Alternative Capital grew its holdings in shares of Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after acquiring an additional 187 shares during the period. Finally, Waldron Private Wealth LLC increased its stake in Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after purchasing an additional 191 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently commented on MDLZ. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. Piper Sandler raised their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. UBS Group increased their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.80.
Check Out Our Latest Stock Analysis on MDLZ
Mondelez International Price Performance
Shares of NASDAQ MDLZ traded up $0.84 during mid-day trading on Friday, reaching $67.32. The company had a trading volume of 10,777,611 shares, compared to its average volume of 8,030,557. The company has a 50-day moving average price of $65.11 and a two-hundred day moving average price of $64.06. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market cap of $87.08 billion, a PE ratio of 19.68, a P/E/G ratio of 4.34 and a beta of 0.47.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.79%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.
Mondelez International Profile
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Free Report)
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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