Integrated Investment Consultants LLC lifted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,662 shares of the company’s stock after buying an additional 350 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Mondelez International were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Vanguard Group Inc lifted its position in Mondelez International by 0.9% during the third quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after purchasing an additional 944,384 shares during the period. BlackRock Inc. increased its holdings in Mondelez International by 3.6% during the third quarter. BlackRock Inc. now owns 86,963,350 shares of the company’s stock valued at $3,735,944,000 after buying an additional 2,995,606 shares during the last quarter. Lindsell Train Ltd increased its holdings in Mondelez International by 13.3% during the third quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after buying an additional 3,396,714 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Mondelez International by 1.0% during the third quarter. Macquarie Group Ltd. now owns 18,313,517 shares of the company’s stock valued at $786,748,000 after buying an additional 186,970 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Mondelez International by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock valued at $766,651,000 after buying an additional 921,701 shares during the last quarter. Institutional investors own 75.80% of the company’s stock.
Mondelez International stock opened at $47.45 on Tuesday. The stock has a market capitalization of $68.18 billion, a PE ratio of 19.53, a PEG ratio of 2.49 and a beta of 0.89. Mondelez International Inc has a 12-month low of $37.42 and a 12-month high of $47.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, March 28th. Mondelez International’s dividend payout ratio is presently 42.80%.
MDLZ has been the subject of a number of research reports. BidaskClub raised shares of Mondelez International from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research note on Thursday, January 24th. Finally, Barclays reissued a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $47.27.
In related news, EVP Vinzenz P. Gruber sold 10,945 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $45.86, for a total value of $501,937.70. Following the transaction, the executive vice president now owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.00% of the company’s stock.
About Mondelez International
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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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