Capital Group Private Client Services Inc. Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital Group Private Client Services Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 160,428 shares of the company's stock after selling 6,730 shares during the period. Capital Group Private Client Services Inc.'s holdings in Mondelez International were worth $9,582,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new position in Mondelez International in the fourth quarter valued at about $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the fourth quarter valued at approximately $31,000. McClarren Financial Advisors Inc. bought a new position in Mondelez International during the fourth quarter valued at $32,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 2.5 %

MDLZ stock traded down $1.69 during midday trading on Thursday, hitting $65.69. The company had a trading volume of 3,054,306 shares, compared to its average volume of 7,942,818. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $84.97 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 4.34 and a beta of 0.47. The stock's 50 day moving average price is $65.67 and its 200 day moving average price is $63.94.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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 net margin of 12.68% and a return on equity of 16.75%. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MDLZ shares. Morgan Stanley initiated coverage on Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 price target on the stock. Evercore ISI increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Piper Sandler raised their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Finally, Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.70.

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.