Russell Investments Group Ltd. Has $68.64 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Russell Investments Group Ltd. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,149,106 shares of the company's stock after selling 271,755 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Mondelez International worth $68,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. United Bank boosted its holdings in Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after purchasing an additional 2,549 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Mondelez International by 6.4% during the 3rd quarter. Janus Henderson Group PLC now owns 211,427 shares of the company's stock worth $15,575,000 after acquiring an additional 12,697 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Mondelez International by 15.2% during the 3rd quarter. Stifel Financial Corp now owns 1,144,202 shares of the company's stock valued at $84,294,000 after acquiring an additional 151,302 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Mondelez International by 10.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 26,982 shares of the company's stock valued at $1,988,000 after acquiring an additional 2,459 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its holdings in Mondelez International by 18.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 175,826 shares of the company's stock worth $12,953,000 after purchasing an additional 27,510 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 equities analysts have recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada dropped their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company increased their target price 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. Finally, UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. 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. According to MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $70.50.

Mondelez International Price Performance

Shares of MDLZ traded up $1.34 during trading hours on Friday, hitting $67.32. The stock had a trading volume of 2,906,443 shares, compared to its average volume of 8,036,733. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market capitalization of $87.07 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 4.34 and a beta of 0.47. The company's fifty day moving average is $64.16 and its two-hundred day moving average is $64.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

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

Mondelez International Dividend Announcement

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