Mondelez International, Inc. (NASDAQ:MDLZ) Position Cut by AIA Group Ltd

AIA Group Ltd trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 59.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,360 shares of the company’s stock after selling 27,461 shares during the quarter. AIA Group Ltd’s holdings in Mondelez International were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MDLZ. FMR LLC boosted its stake in Mondelez International by 27.1% during the 2nd quarter. FMR LLC now owns 25,473,749 shares of the company’s stock valued at $1,581,665,000 after purchasing an additional 5,433,813 shares in the last quarter. Nordea Investment Management AB boosted its stake in Mondelez International by 7.4% during the 2nd quarter. Nordea Investment Management AB now owns 11,710,985 shares of the company’s stock valued at $725,262,000 after purchasing an additional 803,252 shares in the last quarter. Parnassus Investments LLC boosted its stake in Mondelez International by 10.2% during the 2nd quarter. Parnassus Investments LLC now owns 11,421,908 shares of the company’s stock valued at $709,186,000 after purchasing an additional 1,054,994 shares in the last quarter. Deutsche Bank AG boosted its stake in Mondelez International by 2.5% during the 2nd quarter. Deutsche Bank AG now owns 8,909,265 shares of the company’s stock valued at $553,176,000 after purchasing an additional 220,062 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Mondelez International by 0.5% during the 2nd quarter. Clearbridge Investments LLC now owns 8,144,685 shares of the company’s stock valued at $505,704,000 after purchasing an additional 42,453 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Mondelez International Trading Up 0.7 %

NASDAQ MDLZ opened at $64.84 on Wednesday. Mondelez International, Inc. has a 1-year low of $54.72 and a 1-year high of $68.81. The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $88.55 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The firm’s fifty day simple moving average is $66.56 and its 200-day simple moving average is $63.14.

Mondelez International (NASDAQ:MDLZGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. Mondelez International had a net margin of 10.30% and a return on equity of 14.85%. The business had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.48 billion. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.94 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 29th. Mondelez International’s dividend payout ratio (DPR) is presently 68.44%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MDLZ shares. Piper Sandler increased their price objective on Mondelez International from $72.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. Cowen cut their price objective on Mondelez International to $69.00 in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, December 6th. Royal Bank of Canada downgraded Mondelez International from an “outperform” rating to a “sector perform” rating and set a $69.00 price objective for the company. in a research report on Tuesday, January 3rd. Finally, Exane BNP Paribas initiated coverage on Mondelez International in a research report on Tuesday, November 15th. They set a “neutral” rating and a $68.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $72.18.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Maurizio Brusadelli sold 22,388 shares of the stock in a transaction on Monday, December 5th. The shares were sold at an average price of $67.55, for a total transaction of $1,512,309.40. Following the transaction, the executive vice president now directly owns 179,588 shares of the company’s stock, valued at $12,131,169.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by company insiders.

Mondelez International Profile

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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 & candy, cheese & grocery, and meals.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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