Natixis Advisors LLC decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 42.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,646,850 shares of the company’s stock after selling 1,211,944 shares during the period. Natixis Advisors LLC’s holdings in Mondelez International were worth $88,650,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of MDLZ. Brighton Jones LLC increased its holdings in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares in the last quarter. United Bank increased its holdings in shares of Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after buying an additional 3,070 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Mondelez International by 15.1% during the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock worth $36,924,000 after buying an additional 71,667 shares in the last quarter. Osterweis Capital Management Inc. increased its holdings in shares of Mondelez International by 4,470.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock worth $92,000 after buying an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Mondelez International by 144.9% during the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock worth $532,000 after buying an additional 4,668 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.
Mondelez International Stock Performance
Shares of Mondelez International stock opened at $61.07 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The firm has a market cap of $78.39 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.39 and a beta of 0.38. The firm has a 50 day simple moving average of $59.28 and a 200 day simple moving average of $57.77. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.
Analyst Ratings Changes
Several research firms have recently weighed in on MDLZ. Argus raised shares of Mondelez International to a “hold” rating in a report on Thursday, February 12th. Barclays raised their price objective on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. TD Cowen raised their price objective on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.05.
Read Our Latest Research Report on MDLZ
About Mondelez International
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.
See Also
- Five stocks we like better than Mondelez International
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear CaseāIs a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ – Free Report).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.
