Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Trimmed by Capital World Investors

Capital World Investors lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,816,359 shares of the company’s stock after selling 1,380,300 shares during the quarter. Capital World Investors owned about 0.66% of Mondelez International worth $526,601,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Edgar Lomax Co. VA raised its position in shares of Mondelez International by 337.7% during the 4th quarter. Edgar Lomax Co. VA now owns 984,040 shares of the company’s stock valued at $58,777,000 after acquiring an additional 759,225 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in Mondelez International by 5.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 931,126 shares of the company’s stock valued at $55,616,000 after purchasing an additional 48,453 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Mondelez International by 4.0% during the fourth quarter. Freedom Investment Management Inc. now owns 8,306 shares of the company’s stock worth $496,000 after purchasing an additional 319 shares during the period. Forum Financial Management LP lifted its position in shares of Mondelez International by 5.1% in the 4th quarter. Forum Financial Management LP now owns 13,029 shares of the company’s stock worth $778,000 after buying an additional 634 shares during the last quarter. Finally, Capital International Ltd. CA lifted its position in shares of Mondelez International by 3.4% in the 4th quarter. Capital International Ltd. CA now owns 94,926 shares of the company’s stock worth $5,670,000 after buying an additional 3,145 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MDLZ shares. Mizuho increased their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley assumed coverage on Mondelez International in a report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price target on the stock. Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Wells Fargo & Company increased their target price on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.80.

Mondelez International Stock Up 1.3 %

Shares of MDLZ stock opened at $67.32 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business’s fifty day moving average is $65.25 and its 200-day moving average is $63.96. The stock has a market cap of $87.08 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. 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 payout ratio is currently 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.