Capital International Investors Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital International Investors lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 24.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,096,447 shares of the company’s stock after selling 3,672,464 shares during the period. Capital International Investors owned 0.83% of Mondelez International worth $776,751,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mutual Advisors LLC grew its holdings in Mondelez International by 5.7% in the 4th quarter. Mutual Advisors LLC now owns 11,194 shares of the company’s stock valued at $811,000 after buying an additional 602 shares during the period. CoreCap Advisors LLC grew its holdings in Mondelez International by 41.4% in the 4th quarter. CoreCap Advisors LLC now owns 7,010 shares of the company’s stock valued at $508,000 after buying an additional 2,053 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Mondelez International by 0.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 322,696 shares of the company’s stock valued at $23,373,000 after buying an additional 1,917 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Mondelez International by 46.7% in the 4th quarter. Pacer Advisors Inc. now owns 222,174 shares of the company’s stock valued at $16,092,000 after purchasing an additional 70,695 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in shares of Mondelez International by 27.1% during the 4th quarter. PFG Investments LLC now owns 6,470 shares of the company’s stock worth $469,000 after purchasing an additional 1,378 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MDLZ. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Sanford C. Bernstein reduced their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Bank of America decreased their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Evercore ISI reduced their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.39.

Mondelez International Stock Up 0.0 %

Shares of NASDAQ:MDLZ traded up $0.03 during midday trading on Friday, reaching $66.42. The company had a trading volume of 5,778,479 shares, compared to its average volume of 7,204,316. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The stock’s fifty day moving average price is $66.94 and its 200-day moving average price is $69.99. The stock has a market capitalization of $89.09 billion, a P/E ratio of 21.09, a PEG ratio of 2.75 and a beta of 0.53. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, June 28th. Mondelez International’s dividend payout ratio is presently 53.97%.

Mondelez International Company Profile

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 and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.