Ilmarinen Mutual Pension Insurance Co Sells 17,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ilmarinen Mutual Pension Insurance Co decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,000 shares of the company's stock after selling 17,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Mondelez International were worth $8,601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC lifted its holdings in shares of Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock worth $187,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares during the period. Traphagen Investment Advisors LLC raised its holdings in shares of Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after buying an additional 187 shares in the last quarter. Core Alternative Capital lifted its position in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after buying an additional 187 shares during the period. Finally, Waldron Private Wealth LLC boosted its stake in Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after buying an additional 191 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

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Mondelez International Trading Up 2.0 %

Shares of MDLZ stock traded up $1.34 on Friday, reaching $67.32. The company had a trading volume of 2,906,443 shares, compared to its average volume of 8,036,733. The company has a 50-day moving average of $64.16 and a 200-day moving average of $64.22. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market cap of $87.07 billion, a PE ratio of 19.69, a PEG ratio of 4.34 and a beta of 0.47. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MDLZ. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Morgan Stanley began coverage on shares of Mondelez International in a research report on Monday, March 24th. They issued an "overweight" rating and a $69.00 price target on the stock. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. Citigroup reduced their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Argus cut Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and an average price target of $70.50.

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.