Wells Fargo & Company MN raised its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,351,470 shares of the company’s stock after buying an additional 38,047 shares during the quarter. Wells Fargo & Company MN owned 1.00% of Mondelez International worth $773,544,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Ibex Wealth Advisors acquired a new position in Mondelez International in the second quarter valued at about $26,000. Brand Asset Management Group Inc. raised its position in shares of Mondelez International by 1,367.6% during the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after purchasing an additional 465 shares during the period. JNBA Financial Advisors raised its position in shares of Mondelez International by 66.0% during the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 210 shares during the period. Manchester Financial Inc. acquired a new stake in shares of Mondelez International during the second quarter worth about $30,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Mondelez International during the second quarter worth about $35,000. 76.38% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International stock traded down $0.88 during midday trading on Friday, reaching $53.63. The stock had a trading volume of 4,279,874 shares, compared to its average volume of 6,319,982. The firm’s fifty day simple moving average is $54.49 and its 200-day simple moving average is $51.48. Mondelez International Inc has a 1-year low of $38.78 and a 1-year high of $55.85. The stock has a market capitalization of $78.31 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.84 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.44.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, September 27th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio (DPR) is currently 42.80%.
MDLZ has been the topic of a number of research analyst reports. ValuEngine lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Credit Suisse Group raised their price target on Mondelez International from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group set a $62.00 target price on Mondelez International and gave the company a “buy” rating in a research report on Wednesday, July 31st. Evercore ISI initiated coverage on Mondelez International in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 target price on the stock. Finally, Wells Fargo & Co lifted their target price on Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $57.50.
In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the completion of the transaction, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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