Hartford Financial Management Inc. grew its position in Mondelez International Inc (NASDAQ:MDLZ) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,360 shares of the company’s stock after purchasing an additional 396 shares during the period. Hartford Financial Management Inc.’s holdings in Mondelez International were worth $2,714,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Mondelez International by 4.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,560 shares of the company’s stock worth $246,000 after acquiring an additional 187 shares during the period. Northstar Asset Management LLC boosted its holdings in shares of Mondelez International by 0.5% during the second quarter. Northstar Asset Management LLC now owns 36,966 shares of the company’s stock worth $1,992,000 after acquiring an additional 200 shares during the period. Cornerstone Advisors Inc. boosted its holdings in shares of Mondelez International by 2.4% during the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock worth $442,000 after acquiring an additional 207 shares during the period. Rockland Trust Co. boosted its holdings in shares of Mondelez International by 3.5% during the second quarter. Rockland Trust Co. now owns 6,151 shares of the company’s stock worth $332,000 after acquiring an additional 209 shares during the period. Finally, JNBA Financial Advisors boosted its holdings 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 acquiring an additional 210 shares during the period. Institutional investors own 76.06% of the company’s stock.
Shares of MDLZ stock opened at $54.57 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $78.87 billion, a PE ratio of 22.46, a P/E/G ratio of 2.86 and a beta of 0.82. The company has a 50 day moving average of $54.59. Mondelez International Inc has a 1 year low of $38.78 and a 1 year high of $55.85.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.285 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, September 27th. Mondelez International’s payout ratio is 42.80%.
MDLZ has been the subject of a number of research analyst reports. Citigroup set a $60.00 price objective on Mondelez International and gave the stock a “hold” rating in a report on Wednesday, July 31st. Credit Suisse Group boosted their price objective on Mondelez International from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Co boosted their price objective on Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a report on Tuesday, July 23rd. BidaskClub upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.50.
In related news, EVP Maurizio Brusadelli sold 39,882 shares of the business’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 sale, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.50% of the company’s stock.
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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