UNIVEST FINANCIAL Corp increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 26.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,513 shares of the company’s stock after purchasing an additional 33,242 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Mondelez International were worth $9,194,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares during the period. United Bank raised 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 purchasing an additional 3,070 shares during the last quarter. Sei Investments Co. lifted its position in Mondelez International by 15.1% during the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after purchasing an additional 71,667 shares during the period. Osterweis Capital Management Inc. boosted its holdings in Mondelez International by 4,470.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Mondelez International by 144.9% in the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after purchasing an additional 4,668 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Price Performance
MDLZ stock traded up $0.53 during mid-day trading on Friday, reaching $58.83. 6,428,266 shares of the company’s stock were exchanged, compared to its average volume of 9,690,540. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The stock’s 50 day moving average is $61.12 and its 200 day moving average is $58.82. The company has a market cap of $75.52 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.39.
Mondelez International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Mondelez International’s dividend payout ratio (DPR) is 99.50%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on MDLZ. Bank of America lifted their price objective on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 10th. BTIG Research began coverage on Mondelez International in a report on Tuesday, April 14th. They set a “buy” rating and a $70.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 price target (down from $71.00) on shares of Mondelez International in a report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.
Check Out Our Latest Stock 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.
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