Sit Investment Associates Inc. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,517 shares of the company's stock after selling 39,225 shares during the period. Sit Investment Associates Inc.'s holdings in Mondelez International were worth $4,929,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 2.5% in 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 during the last quarter. Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter worth about $1,118,755,000. Massachusetts Financial Services Co. MA increased its holdings in Mondelez International by 1.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after buying an additional 208,181 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Mondelez International by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company's stock valued at $618,458,000 after purchasing an additional 326,177 shares during the period. 78.32% of the stock is currently owned by institutional investors.
Mondelez International Price Performance
Shares of MDLZ traded up $1.38 during trading hours on Friday, hitting $67.36. 2,906,443 shares of the stock were exchanged, compared to its average volume of 8,036,733. The stock's 50-day moving average price is $64.16 and its two-hundred day moving average price is $64.22. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month 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 company has a market cap of $87.13 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.
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 analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is 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 presently 54.97%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on MDLZ. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a report on Friday, February 7th. The Goldman Sachs Group decreased their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley assumed coverage on Mondelez International in a research note on Monday, March 24th. They set an "overweight" rating and a $69.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.50.
Read Our Latest Analysis on MDLZ
Mondelez International Company Profile
(
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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