Bessemer Group Inc. Sells 4,309 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bessemer Group Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,321 shares of the company's stock after selling 4,309 shares during the quarter. Bessemer Group Inc.'s holdings in Mondelez International were worth $5,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd lifted its position in shares of Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares in the last quarter. Czech National Bank raised its position in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. lifted its holdings in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after buying an additional 18,961 shares in the last quarter. Legacy Private Trust Co. boosted its position in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after buying an additional 957 shares during the last quarter. Finally, Kennedy Investment Group acquired a new stake in shares of Mondelez International in the 4th quarter valued at $313,000. Institutional investors and hedge funds own 78.32% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on MDLZ. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Royal Bank of Canada cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $70.50.

Mondelez International Stock Down 1.9 %

NASDAQ MDLZ traded down $1.27 during trading on Tuesday, hitting $67.03. The stock had a trading volume of 5,779,943 shares, compared to its average volume of 8,023,601. The company has a market capitalization of $86.70 billion, a PE ratio of 19.60, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company's 50-day moving average price is $64.59 and its two-hundred day moving average price is $64.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders 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 2.80%. Mondelez International's payout ratio is 54.97%.

Mondelez International 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.