Natixis Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Natixis lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 234,473 shares of the company's stock after selling 98,999 shares during the quarter. Natixis' holdings in Mondelez International were worth $14,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norinchukin Bank The raised its stake in shares of Mondelez International by 7.6% during the fourth quarter. Norinchukin Bank The now owns 70,776 shares of the company's stock valued at $4,227,000 after acquiring an additional 5,007 shares during the last quarter. Ossiam raised its position in shares of Mondelez International by 121.0% during the fourth quarter. Ossiam now owns 56,049 shares of the company's stock worth $3,348,000 after acquiring an additional 30,687 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Mondelez International by 39.2% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 71,829 shares of the company's stock worth $4,290,000 after acquiring an additional 20,234 shares during the period. Bank of Nova Scotia Trust Co. increased its position in Mondelez International by 1.6% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 12,987 shares of the company's stock valued at $776,000 after purchasing an additional 210 shares during the period. Finally, Capital International Inc. CA raised its holdings in Mondelez International by 22.0% during the 4th quarter. Capital International Inc. CA now owns 171,439 shares of the company's stock worth $10,240,000 after purchasing an additional 30,867 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company raised their price objective on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, DZ Bank cut 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.05.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.86 during midday trading on Wednesday, reaching $67.43. The company had a trading volume of 6,369,468 shares, compared to its average volume of 7,961,435. 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 $65.54 and its 200 day moving average price is $63.91. The stock has a market cap of $87.23 billion, a P/E ratio of 19.72, a P/E/G 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 data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

Mondelez International 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.