Mather Group LLC. Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Mather Group LLC. lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,453 shares of the company’s stock after selling 1,059 shares during the period. Mather Group LLC.’s holdings in Mondelez International were worth $1,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC increased its stake in Mondelez International by 48.8% in the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after buying an additional 1,623,588 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Mondelez International by 44.5% during the third quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock worth $261,370,000 after purchasing an additional 1,159,900 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Mondelez International during the 3rd quarter valued at approximately $71,311,000. Envestnet Asset Management Inc. lifted its holdings in Mondelez International by 38.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after purchasing an additional 900,445 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in Mondelez International by 52.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock worth $168,660,000 after purchasing an additional 838,651 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.2 %

Shares of MDLZ opened at $71.94 on Wednesday. The company’s fifty day simple moving average is $70.42 and its 200-day simple moving average is $70.87. The company has a market cap of $96.87 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.50 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 EPS. As a group, analysts expect that Mondelez International, Inc. will post 3.51 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is currently 46.83%.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Barclays decreased their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus raised their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.50.

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.