Legacy Wealth Asset Management LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,792 shares of the company's stock after purchasing an additional 328 shares during the quarter. Legacy Wealth Asset Management LLC's holdings in Mondelez International were worth $929,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MDLZ. Bivin & Associates Inc. bought a new position in Mondelez International during the 4th quarter worth $25,000. Landmark Wealth Management LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at about $27,000. Bell Investment Advisors Inc lifted its stake in shares of Mondelez International by 64.3% in the 4th quarter. Bell Investment Advisors Inc now owns 419 shares of the company's stock valued at $28,000 after purchasing an additional 164 shares during the period. Sierra Capital LLC lifted its stake in shares of Mondelez International by 1,151.4% in the 4th quarter. Sierra Capital LLC now owns 438 shares of the company's stock valued at $29,000 after purchasing an additional 403 shares during the period. Finally, Shore Point Advisors LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $29,000. 77.10% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Mondelez International stock traded down $0.66 during trading on Friday, hitting $63.80. The stock had a trading volume of 59,413 shares, compared to its average volume of 4,974,825. Mondelez International, Inc. has a 1 year low of $57.63 and a 1 year high of $69.47. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.65. The stock's 50 day moving average is $62.94 and its two-hundred day moving average is $63.34. The stock has a market cap of $87.44 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.22 and a beta of 0.60.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.385 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.54 annualized dividend and a dividend yield of 2.41%. This is an increase from Mondelez International's previous quarterly dividend of $0.35. Mondelez International's dividend payout ratio is currently 50.91%.

Analyst Ratings Changes

A number of research analysts recently weighed in on MDLZ shares. Piper Sandler dropped their price target on Mondelez International to $72.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $73.00 to $70.00 in a research note on Monday, July 18th. UBS Group dropped their price target on Mondelez International to $73.00 in a research note on Friday, July 22nd. StockNews.com raised Mondelez International from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Sanford C. Bernstein boosted their price objective on Mondelez International to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Mondelez International has a consensus rating of "Buy" and a consensus price target of $73.18.

Mondelez International Profile

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Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides 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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