Desjardins Global Asset Management Inc. Sells 3,187 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Desjardins Global Asset Management Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,879 shares of the company’s stock after selling 3,187 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Mondelez International were worth $1,657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tyler Stone Wealth Management purchased a new position in shares of Mondelez International in the 2nd quarter worth $25,000. Retirement Group LLC purchased a new position in shares of Mondelez International in the 4th quarter worth $25,000. Carmel Capital Partners LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the 3rd quarter worth $29,000. Finally, Orion Capital Management LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $35,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $65.98 on Wednesday. The company has a 50 day moving average price of $71.02 and a 200-day moving average price of $70.50. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The stock has a market capitalization of $88.84 billion, a PE ratio of 18.18, a PEG ratio of 2.29 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.58%. Mondelez International’s payout ratio is 46.83%.

Analyst Ratings Changes

A number of brokerages have commented on MDLZ. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Company 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.