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Institutional investors have adjusted their holdings in Mondelez International recently. Vanguard Group increased its stake by 5.4%, owning 130 million shares valued at $9.15 billion. Price T Rowe Associates raised its position by 4.9%, while Capital Research Global Investors increased theirs by 7.3%. Other notable changes include Capital World Investors (up 2.2%) and Massachusetts Financial Services (up 40.2%). Currently, 78.32% of Mondelez’s stock is held by institutional investors.
Analyst Ratings
Recent analyst actions include Barclays lowering its target from $80 to $76, while Evercore ISI raised it to $85. Other analysts have shifted targets between $72 and $90, with 17 analysts rating the stock as a buy. The consensus rating is Moderate Buy with a target price of $78.65.
Mondelez Stock Performance
MDLZ shares opened at $72.99. The 50-day moving average is $71.75, with a market cap of $97.91 billion. The stock has ranged from $60.75 to $77.20 over the past year. Recently reported earnings of $0.86 per share surpassed expectations, although revenue declined year-over-year.
Dividend Announcement
Mondelez announced a quarterly dividend of $0.47 per share, payable on October 14th, up from $0.43 previously. The ex-dividend date is September 30th, marking a 2.58% yield.
About Mondelez International
Mondelez International manufactures and sells a range of snack foods globally, including biscuits, chocolates, and beverages.
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