Capital International Investors Sells 71,326 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Capital International Investors cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,087,136 shares of the company’s stock after selling 71,326 shares during the quarter. Capital International Investors owned approximately 1.20% of Mondelez International worth $960,884,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Mondelez International during the fourth quarter worth $1,118,755,000. Raymond James Financial Inc. bought a new position in Mondelez International during the fourth quarter worth about $256,832,000. Van ECK Associates Corp raised its stake in Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after purchasing an additional 3,282,937 shares in the last quarter. Invesco Ltd. boosted its holdings in Mondelez International by 13.6% in the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock valued at $741,224,000 after purchasing an additional 1,483,270 shares during the period. Finally, Bank of Nova Scotia boosted its holdings in Mondelez International by 331.9% in the 4th quarter. Bank of Nova Scotia now owns 1,394,430 shares of the company’s stock valued at $83,289,000 after purchasing an additional 1,071,596 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MDLZ shares. Morgan Stanley assumed coverage on shares of Mondelez International in a research report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $70.80.

Mondelez International Stock Performance

Mondelez International stock opened at $67.32 on Friday. The business has a 50 day moving average of $65.25 and a 200-day moving average of $64.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market capitalization of $87.08 billion, a P/E ratio of 19.68, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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.