Heritage Trust Co bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,959 shares of the company's stock, valued at approximately $416,000.
A number of other large investors have also made changes to their positions in MDLZ. Marshall Investment Management LLC acquired a new position in Mondelez International during the fourth quarter worth about $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $31,000. McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International in the fourth quarter worth $32,000. Finally, Sierra Ocean LLC acquired a new stake in Mondelez International in the fourth quarter valued at approximately $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.
Mondelez International Stock Down 0.8 %
NASDAQ:MDLZ traded down $0.55 during trading hours on Wednesday, hitting $66.48. 6,266,228 shares of the company's stock traded hands, compared to its average volume of 8,016,779. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $85.99 billion, a P/E ratio of 19.44, a P/E/G ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock's fifty day moving average price is $64.78 and its two-hundred day moving average price is $64.08.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on MDLZ shares. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Piper Sandler increased their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada lowered their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.50.
Get Our Latest Analysis on Mondelez International
About Mondelez International
(
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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