Mondelez International, Inc. (NASDAQ:MDLZ) Stake Lowered by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,844,180 shares of the company's stock after selling 414,584 shares during the quarter. Canada Pension Plan Investment Board owned about 0.29% of Mondelez International worth $229,613,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. ICICI Prudential Asset Management Co Ltd lifted its position in shares of Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after acquiring an additional 74,975 shares during the period. Czech National Bank grew its holdings in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. increased its position in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after buying an additional 18,961 shares in the last quarter. Legacy Private Trust Co. raised its stake in shares of Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after buying an additional 957 shares during the last quarter. Finally, Kennedy Investment Group purchased a new stake in shares of Mondelez International in the 4th quarter worth about $313,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 1.3 %

MDLZ traded up $0.86 on Tuesday, reaching $68.62. The company's stock had a trading volume of 1,491,596 shares, compared to its average volume of 7,988,789. 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 business's 50 day moving average is $65.40 and its 200 day moving average is $63.88. The stock has a market cap of $88.76 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly 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%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared 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 was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.74%. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Analyst Ratings Changes

Several brokerages have issued reports on MDLZ. Citigroup reduced their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. Stifel Nicolaus decreased their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Morgan Stanley began coverage on Mondelez International in a report on Monday, March 24th. They set an "overweight" rating and a $69.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.80.

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.