Kentucky Retirement Systems grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,285 shares of the company’s stock after purchasing an additional 4,572 shares during the quarter. Kentucky Retirement Systems’ holdings in Mondelez International were worth $5,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Personal Financial Services raised its stake in Mondelez International by 124.1% during the 3rd quarter. First Personal Financial Services now owns 484 shares of the company’s stock worth $27,000 after buying an additional 268 shares during the period. Karp Capital Management Corp acquired a new position in Mondelez International during the 3rd quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new position in Mondelez International during the 3rd quarter worth approximately $41,000. Wagner Wealth Management LLC acquired a new position in Mondelez International during the 2nd quarter worth approximately $48,000. Finally, Almanack Investment Partners LLC. acquired a new position in Mondelez International during the 3rd quarter worth approximately $48,000. 75.91% of the stock is owned by institutional investors and hedge funds.
Mondelez International Price Performance
Mondelez International stock opened at $66.29 on Wednesday. Mondelez International, Inc. has a 12 month low of $54.72 and a 12 month high of $68.81. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $65.74 and its 200 day simple moving average is $63.64. The company has a market cap of $90.37 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.87 and a beta of 0.65.
Mondelez International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be paid a $0.385 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.54 annualized dividend and a yield of 2.32%. Mondelez International’s payout ratio is 78.57%.
Analyst Ratings Changes
MDLZ has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Mondelez International from $69.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, December 20th. TheStreet raised Mondelez International from a “c+” rating to a “b+” rating in a report on Monday, December 12th. Cowen boosted their price objective on Mondelez International from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, February 6th. BNP Paribas initiated coverage on Mondelez International in a report on Tuesday, November 15th. They set a “neutral” rating and a $68.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on Mondelez International from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $73.06.
About Mondelez International
Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.
Read More
- Get a free copy of the StockNews.com research report on Mondelez International (MDLZ)
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