Marotta Asset Management bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,788 shares of the company’s stock, valued at approximately $203,000.
Several other hedge funds also recently made changes to their positions in the business. Retirement Group LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Mondelez International by 80.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 407 shares of the company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Thompson Investment Management Inc. acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $28,000. Finally, 25 LLC acquired a new stake in Mondelez International in the first quarter valued at approximately $28,000. 76.16% of the stock is owned by institutional investors.
Mondelez International Trading Up 1.5 %
MDLZ opened at $72.38 on Friday. Mondelez International, Inc. has a 1-year low of $54.72 and a 1-year high of $78.59. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $98.47 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.43 and a beta of 0.64. The company has a fifty day moving average price of $72.26 and a two-hundred day moving average price of $72.06.
Mondelez International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.425 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.39. This represents a $1.70 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is 50.99%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on MDLZ. Piper Sandler raised their target price on shares of Mondelez International from $82.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Barclays raised their target price on shares of Mondelez International from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday. TD Cowen began coverage on shares of Mondelez International in a research report on Wednesday. They issued an “outperform” rating and a $82.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Mondelez International from $79.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.63.
About Mondelez International
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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