Villere ST Denis J & Co. LLC Has $21.09 Million Stock Position in Mondelez International, Inc. $MDLZ

Villere ST Denis J & Co. LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 337,584 shares of the company’s stock after selling 12,640 shares during the period. Mondelez International makes up about 2.0% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 29th largest position. Villere ST Denis J & Co. LLC’s holdings in Mondelez International were worth $21,089,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Soundwatch Capital LLC acquired a new stake in Mondelez International in the 2nd quarter valued at $27,000. Rossby Financial LCC lifted its stake in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 282 shares during the last quarter. Aspect Partners LLC increased its position in shares of Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new stake in shares of Mondelez International during the second quarter worth about $33,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MDLZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Bank of America dropped their target price on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Piper Sandler decreased their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Barclays cut their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.11.

Mondelez International Stock Up 0.4%

MDLZ stock opened at $58.69 on Tuesday. The stock has a market cap of $75.73 billion, a P/E ratio of 21.98 and a beta of 0.39. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $55.61 and its two-hundred day simple moving average is $59.60. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.4%. Mondelez International’s dividend payout ratio is presently 74.91%.

Mondelez International Profile

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.