Caisse DE Depot ET Placement DU Quebec Sells 1,118,268 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Caisse DE Depot ET Placement DU Quebec decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 36.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,950,209 shares of the company's stock after selling 1,118,268 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.15% of Mondelez International worth $116,486,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Marshall Investment Management LLC bought a new position in Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the fourth quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International in the fourth quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MDLZ. Wells Fargo & Company upped their price objective on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. Piper Sandler lifted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Barclays raised their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Stock Down 0.5 %

Shares of NASDAQ:MDLZ traded down $0.35 during midday trading on Tuesday, hitting $67.45. 1,429,821 shares of the stock were exchanged, compared to its average volume of 7,886,859. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business's fifty day simple moving average is $66.23 and its two-hundred day simple moving average is $63.59. 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 capitalization of $87.25 billion, a PE ratio of 19.72, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company's revenue was up .2% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International's dividend payout ratio is currently 69.89%.

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.