Pendal Group Ltd lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,024 shares of the company's stock after selling 905 shares during the quarter. Pendal Group Ltd's holdings in Mondelez International were worth $335,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services boosted its position in Mondelez International by 124.1% during the 3rd quarter. First Personal Financial Services now owns 484 shares of the company's stock valued at $27,000 after acquiring an additional 268 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in Mondelez International during the 4th quarter valued at $35,000. Karp Capital Management Corp bought a new stake in Mondelez International during the 3rd quarter valued at $39,000. Western Pacific Wealth Management LP bought a new stake in Mondelez International during the 3rd quarter valued at $41,000. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of Mondelez International during the 3rd quarter valued at $48,000. Institutional investors own 75.91% of the company's stock.
Get Mondelez International alerts:Analysts Set New Price Targets
MDLZ has been the subject of several analyst reports. UBS Group lowered Mondelez International from a "buy" rating to a "neutral" rating and increased their price objective for the company from $70.00 to $71.00 in a report on Thursday, December 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $76.00 to $73.00 and set a "buy" rating for the company in a report on Monday, March 20th. Royal Bank of Canada lowered Mondelez International from an "outperform" rating to a "sector perform" rating and set a $69.00 price objective for the company. in a report on Tuesday, January 3rd. Wells Fargo & Company increased their price objective on Mondelez International from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, February 1st. Finally, Piper Sandler increased their price objective on Mondelez International from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, February 1st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $73.00.
Mondelez International Price Performance
Shares of NASDAQ:MDLZ opened at $69.58 on Friday. Mondelez International, Inc. has a twelve month low of $54.72 and a twelve month high of $70.39. The company's 50 day moving average is $66.10 and its 200 day moving average is $64.17. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.75. The company has a market cap of $94.86 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 3.06 and a beta of 0.65.
Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Mondelez International had a net margin of 8.63% and a return on equity of 15.04%. The company had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the prior year, the company earned $0.71 EPS. Mondelez International's quarterly revenue was up 13.5% on a year-over-year basis. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.16 EPS for the current year.
Mondelez International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.385 per share. The ex-dividend date is Thursday, March 30th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.21%. Mondelez International's payout ratio is 78.57%.
About Mondelez International
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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.
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