Bessemer Group Inc. Has $4.02 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Bessemer Group Inc. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 37.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,258 shares of the company's stock after selling 36,063 shares during the quarter. Bessemer Group Inc.'s holdings in Mondelez International were worth $4,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the period. Orion Capital Management LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $30,000. Transce3nd LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $31,000. Finally, Coppell Advisory Solutions LLC boosted its stake in Mondelez International by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock valued at $32,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Up 0.0%

NASDAQ MDLZ opened at $67.78 on Friday. The stock has a fifty day moving average of $66.73 and a 200-day moving average of $63.74. The stock has a market capitalization of $87.76 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 5.25 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period last year, the firm earned $0.93 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Ratings Changes

A number of analysts have commented on MDLZ shares. Stifel Nicolaus raised their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. UBS Group raised their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Piper Sandler raised their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Barclays raised their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.63.

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.

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