Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,824,215 shares of the company's stock after selling 487,347 shares during the period. Voya Investment Management LLC owned approximately 0.14% of Mondelez International worth $108,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd raised its position in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $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% during 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 period. Buckingham Capital Management Inc. increased its position in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $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% in the fourth 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 period. Finally, Kennedy Investment Group bought a new position in shares of Mondelez International during the 4th quarter valued at approximately $313,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MDLZ shares. Mizuho lifted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. UBS Group raised their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Piper Sandler upped their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.70.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $0.49 on Monday, reaching $65.10. 6,660,776 shares of the company's stock traded hands, compared to its average volume of 7,909,424. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market cap of $84.21 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 4.34 and a beta of 0.47. The stock has a 50 day moving average price of $65.85 and a 200-day moving average price of $63.76.

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%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal 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 2.89%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 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.