Capital World Investors lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,816,359 shares of the company's stock after selling 1,380,300 shares during the period. Capital World Investors owned approximately 0.66% of Mondelez International worth $526,601,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of MDLZ. Vanguard Group Inc. raised its position in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the period. Geode Capital Management LLC lifted its position in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares in the last quarter. Norges Bank purchased a new position in Mondelez International during the fourth quarter worth about $1,118,755,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after acquiring an additional 208,181 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Mondelez International by 13.6% during the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock valued at $741,224,000 after purchasing an additional 1,483,270 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group lowered their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $69.70.
Read Our Latest Stock Analysis on MDLZ
Mondelez International Price Performance
Shares of NASDAQ MDLZ traded down $1.86 during mid-day trading on Thursday, reaching $65.52. 8,274,186 shares of the company were exchanged, compared to its average volume of 7,962,684. The stock has a market capitalization of $84.75 billion, a PE ratio of 19.16, a PEG ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 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 company'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 data 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%. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.87%. Mondelez International's payout ratio is 54.97%.
About Mondelez International
(
Free Report)
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.
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