Measured Wealth Private Client Group LLC bought a new stake in Mondelez International Inc (NASDAQ:MDLZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,876 shares of the company’s stock, valued at approximately $214,000.
A number of other hedge funds have also recently made changes to their positions in MDLZ. Affiance Financial LLC purchased a new stake in Mondelez International in the 3rd quarter valued at about $200,000. Pacer Advisors Inc. grew its holdings in Mondelez International by 11.4% in the 3rd quarter. Pacer Advisors Inc. now owns 262,597 shares of the company’s stock valued at $14,527,000 after buying an additional 26,790 shares during the period. We Are One Seven LLC purchased a new stake in Mondelez International in the 3rd quarter valued at about $206,000. M. Kraus & Co grew its holdings in Mondelez International by 2.5% in the 3rd quarter. M. Kraus & Co now owns 109,974 shares of the company’s stock valued at $6,084,000 after buying an additional 2,714 shares during the period. Finally, Artemis Investment Management LLP grew its holdings in Mondelez International by 34.5% in the 3rd quarter. Artemis Investment Management LLP now owns 858,208 shares of the company’s stock valued at $47,381,000 after buying an additional 220,110 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:MDLZ opened at $54.82 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.44. Mondelez International Inc has a 1 year low of $38.78 and a 1 year high of $56.72. The stock has a market capitalization of $79.25 billion, a P/E ratio of 22.25, a PEG ratio of 2.88 and a beta of 0.80. The stock has a 50-day simple moving average of $55.02 and a 200-day simple moving average of $53.31.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.285 per share. The ex-dividend date is Friday, September 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s payout ratio is presently 46.91%.
In other news, EVP Vinzenz P. Gruber sold 40,377 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the completion of the sale, the executive vice president now owns 112,137 shares in the company, valued at approximately $6,355,925.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.
Several research firms have commented on MDLZ. Credit Suisse Group lifted their price target on Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Piper Jaffray Companies set a $62.00 price target on Mondelez International and gave the company a “buy” rating in a report on Wednesday, July 31st. BidaskClub upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, Buckingham Research lifted their price target on Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $57.50.
Mondelez International 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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