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Oppenheimer & Co. Inc. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,313 shares of the company’s stock after selling 183 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mondelez International were worth $3,889,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Vanguard Group Inc. raised its position in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the period. Capital Research Global Investors grew its stake in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock valued at $1,721,954,000 after acquiring an additional 708,523 shares during the period. Ameriprise Financial Inc. lifted its position in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Finally, Norges Bank acquired a new stake in Mondelez International during the fourth quarter worth approximately $1,118,755,000. 78.32% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on MDLZ. DA Davidson downgraded Mondelez International from a “buy” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Stifel Nicolaus raised their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Wells Fargo & Company raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Piper Sandler lifted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.63.
Read Our Latest Report on MDLZ
Mondelez International Price Performance
Shares of MDLZ stock opened at $67.28 on Thursday. The business has a fifty day simple moving average of $66.71 and a 200 day simple moving average of $63.65. The company has a market cap of $87.11 billion, a P/E ratio of 25.01, a P/E/G ratio of 5.30 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International’s payout ratio is presently 69.89%.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
See Also
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