Ensign Peak Advisors Inc Sells 292,171 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ensign Peak Advisors Inc lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,671,583 shares of the company's stock after selling 292,171 shares during the period. Ensign Peak Advisors Inc owned approximately 0.20% of Mondelez International worth $159,574,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. ICICI Prudential Asset Management Co Ltd increased its position in shares of Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after acquiring an additional 74,975 shares in the last quarter. Czech National Bank lifted its stake in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. lifted its stake in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after acquiring an additional 18,961 shares during the last quarter. Legacy Private Trust Co. grew its holdings in Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after purchasing an additional 957 shares during the period. Finally, Kennedy Investment Group bought a new position in Mondelez International during the fourth quarter worth about $313,000. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research reports. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Royal Bank of Canada restated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Evercore ISI boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Stock Down 1.3%

Shares of NASDAQ MDLZ traded down $0.85 during trading on Friday, hitting $66.37. The stock had a trading volume of 5,135,787 shares, compared to its average volume of 7,934,199. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $85.94 billion, a PE ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.50. The firm has a fifty day moving average of $66.41 and a two-hundred day moving average of $63.49.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business's revenue was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS 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 $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. Mondelez International's payout ratio is presently 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.