Seeds Investor LLC Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Seeds Investor LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 47.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,382 shares of the company’s stock after selling 3,085 shares during the quarter. Seeds Investor LLC’s holdings in Mondelez International were worth $202,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Mondelez International during the fourth quarter worth approximately $1,118,755,000. Raymond James Financial Inc. acquired a new stake in Mondelez International during the 4th quarter worth $256,832,000. Van ECK Associates Corp grew its position in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after purchasing an additional 3,282,937 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Mondelez International by 13.6% in the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock valued at $741,224,000 after buying an additional 1,483,270 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Mondelez International by 331.9% during the fourth quarter. Bank of Nova Scotia now owns 1,394,430 shares of the company’s stock worth $83,289,000 after buying an additional 1,071,596 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 1.9 %

MDLZ opened at $68.30 on Tuesday. 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 $88.35 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business’s fifty day moving average is $64.59 and its two-hundred day moving average is $64.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS 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%. Analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley started coverage on Mondelez International in a research report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price target on the stock. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Stifel Nicolaus lowered 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. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.