Compagnie Lombard Odier SCmA trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 911,161 shares of the company’s stock after selling 35,434 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Mondelez International were worth $56,920,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Soundwatch Capital LLC purchased a new position in shares of Mondelez International in the second quarter valued at about $27,000. Rossby Financial LCC grew its stake in Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the period. Richardson Financial Services Inc. lifted 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 purchasing an additional 282 shares in the last quarter. Aspect Partners LLC boosted 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 valued at $32,000 after buying an additional 305 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in Mondelez International by 60.3% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after buying an additional 196 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.
Mondelez International Trading Up 1.2%
Shares of NASDAQ MDLZ opened at $60.73 on Tuesday. The stock has a market capitalization of $78.36 billion, a P/E ratio of 32.30, a PEG ratio of 2.51 and a beta of 0.38. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The business’s 50 day moving average is $55.92 and its two-hundred day moving average is $59.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39.
Mondelez International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 106.38%.
Analysts Set New Price Targets
A number of analysts have recently commented on MDLZ shares. Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Royal Bank Of Canada dropped their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Stifel Nicolaus dropped their price target on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Friday, January 9th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $67.44.
View Our Latest Analysis on Mondelez International
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.
See Also
- Five stocks we like better than Mondelez International
- The buying spree that no one is talking about
- How to collect $500-$800 weekly (BlackRock’s system)
- Trump’s AI Secret: 100X Faster Than Nvidia
- NEW LAW: Congress Approves Setup For Digital Dollar?
- They just tried to kill gold
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.
