Intact Investment Management Inc. Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Intact Investment Management Inc. lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,300 shares of the company’s stock after selling 41,900 shares during the quarter. Intact Investment Management Inc.’s holdings in Mondelez International were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Carmel Capital Partners LLC bought a new stake in Mondelez International during the third quarter valued at about $28,000. First Command Advisory Services Inc. bought a new position in shares of Mondelez International in the third quarter worth about $29,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the third quarter worth about $35,000. Legacy Financial Group LLC bought a new position in shares of Mondelez International in the third quarter worth about $45,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Mondelez International in the third quarter worth about $56,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Citigroup dropped their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Trading Down 0.3 %

Shares of NASDAQ MDLZ traded down $0.19 during midday trading on Friday, hitting $70.61. The company’s stock had a trading volume of 7,145,125 shares, compared to its average volume of 9,491,838. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $70.45 and its two-hundred day moving average is $70.66. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59. The firm has a market cap of $95.07 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last issued 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 return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.41%. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

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.