Capital Group Private Client Services Inc. Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital Group Private Client Services Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,428 shares of the company’s stock after selling 6,730 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Mondelez International were worth $9,582,000 as of its most recent SEC filing.

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

NASDAQ:MDLZ opened at $67.32 on Friday. The company has a market cap of $87.08 billion, a P/E ratio of 19.68, a P/E/G ratio of 4.34 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company’s 50-day moving average price is $65.25 and its 200-day moving average price is $64.02.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MDLZ shares. UBS Group upped their target price on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, April 2nd. Piper Sandler increased their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.80.

About Mondelez International

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.