Nomura Holdings Inc. lifted its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 923.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,889 shares of the company’s stock after purchasing an additional 294,958 shares during the quarter. Nomura Holdings Inc.’s holdings in Mondelez International were worth $17,592,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MDLZ. Cornerstone Advisors Inc. raised its stake in Mondelez International by 2.4% in the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock valued at $442,000 after buying an additional 207 shares during the last quarter. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Mondelez International in the first quarter worth about $673,000. Stratos Wealth Partners LTD. raised its stake in shares of Mondelez International by 2.6% in the first quarter. Stratos Wealth Partners LTD. now owns 21,128 shares of the company’s stock worth $1,055,000 after purchasing an additional 545 shares during the last quarter. Fundamentun LLC purchased a new position in shares of Mondelez International in the first quarter worth about $1,290,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Mondelez International by 6.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 84,429 shares of the company’s stock worth $4,215,000 after purchasing an additional 5,116 shares during the last quarter. Institutional investors and hedge funds own 76.44% of the company’s stock.
MDLZ stock traded down $0.11 during trading on Friday, hitting $54.93. 210,280 shares of the company traded hands, compared to its average volume of 4,819,591. The stock’s 50-day simple moving average is $54.56 and its 200 day simple moving average is $52.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. The company has a market cap of $78.89 billion, a PE ratio of 22.61, a P/E/G ratio of 2.87 and a beta of 0.82. Mondelez International Inc has a 1 year low of $38.78 and a 1 year high of $56.72.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.285 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, September 27th. Mondelez International’s dividend payout ratio (DPR) is currently 42.80%.
Several research analysts have recently issued reports on MDLZ shares. Stifel Nicolaus raised their price objective on Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Co raised their price objective on Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Tuesday, July 23rd. UBS Group set a $62.00 price objective on Mondelez International and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Wednesday, August 7th. Finally, ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $57.50.
In related news, EVP Vinzenz P. Gruber sold 40,377 shares of Mondelez International stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the completion of the transaction, the executive vice president now directly owns 112,137 shares in the company, valued at $6,355,925.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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