Capital International Investors Lowers Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital International Investors lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,087,136 shares of the company's stock after selling 71,326 shares during the period. Capital International Investors owned approximately 1.20% of Mondelez International worth $960,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MDLZ. Marshall Investment Management LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new position in Mondelez International during the 4th quarter worth $32,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International during the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $1.69 during midday trading on Thursday, hitting $65.69. 3,054,306 shares of the stock were exchanged, compared to its average volume of 7,942,694. The stock has a market cap of $84.97 billion, a P/E ratio of 19.20, a PEG ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a 50 day moving average price of $65.67 and a 200-day moving average price of $63.94. 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 (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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 net margin of 12.68% and a return on equity of 16.75%. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

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

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Evercore ISI lifted their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Royal Bank of Canada cut their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their price target 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.70.

About Mondelez International

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.