Ceeto Capital Group LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 141.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,786 shares of the company's stock after acquiring an additional 11,000 shares during the period. Ceeto Capital Group LLC's holdings in Mondelez International were worth $1,130,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Norges Bank acquired a new position in Mondelez International during the fourth quarter worth $1,118,755,000. Raymond James Financial Inc. bought a new position in shares of Mondelez International in the 4th quarter valued at about $256,832,000. Van ECK Associates Corp grew its position in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after acquiring an additional 3,282,937 shares during the period. Invesco Ltd. increased its stake in shares of Mondelez International by 13.6% during the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock worth $741,224,000 after purchasing an additional 1,483,270 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of Mondelez International by 331.9% in the 4th quarter. Bank of Nova Scotia now owns 1,394,430 shares of the company's stock valued at $83,289,000 after purchasing an additional 1,071,596 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Price Performance
Mondelez International stock traded down $0.55 during trading hours on Wednesday, reaching $66.48. 6,266,265 shares of the stock were exchanged, compared to its average volume of 8,016,779. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market cap of $85.99 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The stock has a 50 day moving average of $64.78 and a two-hundred day moving average of $64.08.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. Mondelez International's dividend payout ratio is currently 54.97%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Barclays lowered their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Piper Sandler raised their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.50.
View Our Latest Analysis on Mondelez International
Mondelez International Company Profile
(
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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