Mondelez International, Inc. (NASDAQ:MDLZ) saw unusually-strong trading volume on Wednesday . Approximately 617,364 shares changed hands during mid-day trading, a decline of 92% from the previous session’s volume of 7,985,508 shares.The stock last traded at $59.49 and had previously closed at $59.21.
A number of research analysts have recently weighed in on MDLZ shares. Credit Suisse Group raised their price target on Mondelez International from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Jefferies Financial Group raised their price target on Mondelez International from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $63.79.
The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.52 and a current ratio of 0.74. The firm has a fifty day simple moving average of $57.94 and a 200-day simple moving average of $57.02. The company has a market capitalization of $84.09 billion, a PE ratio of 27.32, a P/E/G ratio of 2.91 and a beta of 0.61.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 14th. Shareholders of record on Wednesday, March 31st were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $1.26 annualized dividend and a yield of 2.12%. Mondelez International’s dividend payout ratio is presently 51.01%.
In other news, Director Peter W. May sold 56,234 shares of Mondelez International stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $55.01, for a total value of $3,093,432.34. Following the completion of the transaction, the director now owns 12,866 shares in the company, valued at approximately $707,758.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter W. May sold 1,009,875 shares of Mondelez International stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $55.65, for a total value of $56,199,543.75. The disclosure for this sale can be found here. Insiders have sold a total of 2,258,915 shares of company stock worth $125,594,725 over the last 90 days. 1.30% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of MDLZ. Navis Wealth Advisors LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $26,000. Hoover Financial Advisors Inc. acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $29,000. NuWave Investment Management LLC grew its position in shares of Mondelez International by 73.3% in the 4th quarter. NuWave Investment Management LLC now owns 572 shares of the company’s stock worth $33,000 after acquiring an additional 242 shares in the last quarter. McCarthy Asset Management Inc. acquired a new position in Mondelez International during the 4th quarter valued at approximately $33,000. Finally, Selective Wealth Management Inc. boosted its position in Mondelez International by 496.0% during the 4th quarter. Selective Wealth Management Inc. now owns 596 shares of the company’s stock valued at $35,000 after purchasing an additional 496 shares during the period. Institutional investors own 75.06% of the company’s stock.
About Mondelez International (NASDAQ:MDLZ)
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells 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.
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