Canada Post Corp Registered Pension Plan lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 38.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 44,133 shares of the company’s stock after buying an additional 12,197 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Mondelez International were worth $2,764,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Twin Capital Management Inc. increased its holdings in Mondelez International by 38.0% in the 3rd quarter. Twin Capital Management Inc. now owns 8,197 shares of the company’s stock valued at $512,000 after acquiring an additional 2,257 shares during the last quarter. Carlson Capital L.P. bought a new position in shares of Mondelez International during the 3rd quarter valued at about $700,000. Axim Planning & Wealth grew its position in shares of Mondelez International by 4.8% during the third quarter. Axim Planning & Wealth now owns 4,724 shares of the company’s stock valued at $295,000 after purchasing an additional 217 shares in the last quarter. Wellington Shields Capital Management LLC grew its position in shares of Mondelez International by 23.0% during the third quarter. Wellington Shields Capital Management LLC now owns 8,552 shares of the company’s stock valued at $534,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its holdings in shares of Mondelez International by 1.4% in the third quarter. Ironwood Investment Counsel LLC now owns 31,526 shares of the company’s stock worth $1,969,000 after purchasing an additional 432 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Stock Performance
NASDAQ MDLZ opened at $60.02 on Friday. The company has a market cap of $77.45 billion, a P/E ratio of 31.93, a P/E/G ratio of 2.51 and a beta of 0.38. The business’s 50 day moving average price is $55.84 and its 200-day moving average price is $59.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.37 and a current ratio of 0.59.
Mondelez International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Mondelez International’s dividend payout ratio is 106.38%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price target on Mondelez International from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho lowered their target price on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Mondelez International in a report on Monday, January 26th. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.44.
Check Out Our Latest Analysis on MDLZ
Key Headlines Impacting Mondelez International
Here are the key news stories impacting Mondelez International this week:
- Positive Sentiment: RBC Capital initiated coverage with a Buy, signaling confidence in Mondelez’s growth and margin recovery potential. Mondelez International (MDLZ) Receives a Buy from RBC Capital
- Positive Sentiment: Two outlets reported higher price targets (to $65 and $64), reflecting incremental analyst optimism about revenue trajectory and margin leverage after the recent quarter. Mondelez International (NASDAQ:MDLZ) Price Target Raised to $65.00
- Positive Sentiment: Another price-target increase to $64 was reported, reinforcing that some analysts see upside versus recent trading levels. Mondelez International (NASDAQ:MDLZ) Price Target Raised to $64.00
- Positive Sentiment: Jefferies issued a Buy, adding to the supportive analyst voices that could underpin longer-term demand for the stock. Mondelez International (MDLZ) Gets a Buy from Jefferies
- Neutral Sentiment: Wall Street Zen raised its rating to Hold, a modestly constructive move but not a clear buy signal. Mondelez International (NASDAQ:MDLZ) Rating Increased to Hold at Wall Street Zen
- Neutral Sentiment: D.A. Davidson issued a Hold/Neutral view (reiterated), keeping expectations steady and signaling no near-term catalyst from that house. Mondelez International (MDLZ) Gets a Hold from D.A. Davidson
- Neutral Sentiment: DA Davidson also reiterated a Neutral rating in a separate report, reinforcing mixed analyst positioning around the name. DA Davidson Reiterates “Neutral” Rating for Mondelez International (NASDAQ:MDLZ)
- Negative Sentiment: JPMorgan cut its price target to $67, a signal that some analysts are trimming near-term upside expectations amid margin and cost risks. JPMorgan Chase & Co. Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $67.00
- Negative Sentiment: Stifel reduced its price target to $68, another downward tweak that contributes to mixed analyst signals and may pressure sentiment. Stifel Nicolaus Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $68.00
- Negative Sentiment: Management reshuffle: the CFO role was expanded to include COO responsibilities amid commentary that cost and growth pressures are mounting — a near-term red flag for investors focused on execution and margins. Mondelez Expands CFO Role To COO As Cost And Growth Pressures Mount
Mondelez International Profile
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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