Sequoia Financial Advisors LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 7.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 16,286 shares of the company’s stock after acquiring an additional 1,176 shares during the period. Sequoia Financial Advisors LLC’s holdings in Mondelez International were worth $1,135,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. Fairfield Bush & CO. purchased a new position in shares of Mondelez International during the first quarter worth $100,000. United Bank boosted its position in shares of Mondelez International by 4.6% during the first quarter. United Bank now owns 27,006 shares of the company’s stock worth $1,695,000 after buying an additional 1,189 shares during the period. Cetera Investment Advisers boosted its position in shares of Mondelez International by 4.0% during the first quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock worth $1,782,000 after buying an additional 1,085 shares during the period. Dakota Wealth Management purchased a new position in shares of Mondelez International during the first quarter worth $561,000. Finally, Covestor Ltd boosted its position in shares of Mondelez International by 69.0% during the first quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after buying an additional 518 shares during the period. 79.42% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International Stock Up 0.1 %
MDLZ opened at $72.10 on Tuesday. The business’s 50-day simple moving average is $74.68 and its 200-day simple moving average is $70.05. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $54.72 and a one year high of $78.59. The stock has a market capitalization of $98.19 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64.
Mondelez International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 29th. Mondelez International’s dividend payout ratio (DPR) is currently 53.66%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Jefferies Financial Group raised their price target on Mondelez International from $79.00 to $86.00 in a research report on Friday, April 28th. Stifel Nicolaus raised their price target on Mondelez International from $78.00 to $82.00 in a research report on Friday, April 28th. Bank of America increased their price objective on Mondelez International from $77.00 to $82.00 in a research note on Friday, April 28th. Barclays increased their price objective on Mondelez International from $72.00 to $80.00 in a research note on Friday, April 28th. Finally, Sanford C. Bernstein increased their price objective on Mondelez International from $79.00 to $85.00 in a research note on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.00.
Mondelez International Company 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.
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