Capital Research Global Investors Buys 4,572,555 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Capital Research Global Investors boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,529,511 shares of the company's stock after purchasing an additional 4,572,555 shares during the quarter. Capital Research Global Investors owned approximately 2.81% of Mondelez International worth $2,241,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Diamant Asset Management Inc. raised its position in shares of Mondelez International by 27.6% during the 3rd quarter. Diamant Asset Management Inc. now owns 3,978 shares of the company's stock worth $293,000 after purchasing an additional 860 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in Mondelez International by 13.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,088 shares of the company's stock valued at $1,042,000 after buying an additional 1,686 shares during the last quarter. Arvest Bank Trust Division acquired a new position in shares of Mondelez International during the third quarter valued at $14,578,000. Wilmington Savings Fund Society FSB grew its position in shares of Mondelez International by 489.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 104,764 shares of the company's stock worth $7,718,000 after acquiring an additional 86,981 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Mondelez International by 6.5% in the 3rd quarter. Tidal Investments LLC now owns 97,883 shares of the company's stock worth $7,211,000 after acquiring an additional 5,944 shares during the period. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Morgan Stanley started coverage on Mondelez International in a research note on Monday, March 24th. They set an "overweight" rating and a $69.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. One equities research 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $70.05.

Mondelez International Stock Down 1.3 %

Mondelez International stock traded down $0.86 during mid-day trading on Wednesday, hitting $67.43. The company's stock had a trading volume of 6,369,468 shares, compared to its average volume of 7,993,038. The company has a market cap of $87.23 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm's 50 day moving average is $65.54 and its 200 day moving average is $63.91.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 net margin of 12.68% and a return on equity of 16.75%. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

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.