Bessemer Group Inc. Sells 4,309 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bessemer Group Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% during the fourth quarter, HoldingsChannel reports. The firm owned 95,321 shares of the company’s stock after selling 4,309 shares during the quarter. Bessemer Group Inc.’s holdings in Mondelez International were worth $5,692,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MDLZ. MML Investors Services LLC raised its holdings in shares of Mondelez International by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 69,108 shares of the company’s stock valued at $5,091,000 after purchasing an additional 916 shares during the period. TD Private Client Wealth LLC increased its position in Mondelez International by 14.1% during the third quarter. TD Private Client Wealth LLC now owns 16,585 shares of the company’s stock worth $1,222,000 after buying an additional 2,051 shares during the last quarter. Diamant Asset Management Inc. raised its stake in Mondelez International by 27.6% in the third quarter. Diamant Asset Management Inc. now owns 3,978 shares of the company’s stock valued at $293,000 after buying an additional 860 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in shares of Mondelez International by 13.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,088 shares of the company’s stock valued at $1,042,000 after buying an additional 1,686 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Mondelez International by 18.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 319,819 shares of the company’s stock worth $23,561,000 after acquiring an additional 49,871 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 1.6 %

Shares of MDLZ stock opened at $67.05 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock’s fifty day moving average price is $64.38 and its two-hundred day moving average price is $64.18. 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 $86.73 billion, a PE ratio of 19.61, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Barclays lowered their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $70.50.

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.