Menora Mivtachim Holdings LTD. lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 32.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,014,770 shares of the company's stock after selling 978,695 shares during the period. Menora Mivtachim Holdings LTD. owned approximately 0.15% of Mondelez International worth $120,342,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. SageView Advisory Group LLC increased its position in Mondelez International by 31.0% during the fourth quarter. SageView Advisory Group LLC now owns 5,351 shares of the company's stock worth $320,000 after acquiring an additional 1,267 shares during the period. Carson Advisory Inc. lifted its stake in shares of Mondelez International by 11.8% in the fourth quarter. Carson Advisory Inc. now owns 5,689 shares of the company's stock valued at $340,000 after buying an additional 601 shares during the period. Taurus Asset Management LLC increased its stake in Mondelez International by 2.2% during the fourth quarter. Taurus Asset Management LLC now owns 276,926 shares of the company's stock valued at $16,541,000 after acquiring an additional 5,850 shares during the period. Keystone Financial Group lifted its position in shares of Mondelez International by 5.1% in the 4th quarter. Keystone Financial Group now owns 5,360 shares of the company's stock worth $320,000 after acquiring an additional 258 shares during the period. Finally, Savvy Advisors Inc. grew its holdings in shares of Mondelez International by 216.4% during the 4th quarter. Savvy Advisors Inc. now owns 8,824 shares of the company's stock worth $527,000 after purchasing an additional 6,035 shares in the last quarter. 78.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on MDLZ. Wells Fargo & Company lifted their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. DZ Bank cut shares of 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. JPMorgan Chase & Co. upped their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and a consensus price target of $70.80.
View Our Latest Stock Report on MDLZ
Mondelez International Trading Up 1.3 %
Shares of NASDAQ:MDLZ traded up $0.84 during trading on Friday, hitting $67.32. 10,777,611 shares of the company's stock were exchanged, compared to its average volume of 8,030,557. 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 firm has a market cap of $87.08 billion, a P/E ratio of 19.68, a PEG ratio of 4.34 and a beta of 0.47. The firm 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.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate 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 predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given 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 payout ratio is currently 54.97%.
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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