Factory Mutual Insurance Co. Sells 200,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Factory Mutual Insurance Co. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,500 shares of the company's stock after selling 200,000 shares during the period. Factory Mutual Insurance Co.'s holdings in Mondelez International were worth $39,998,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after acquiring an additional 7,025 shares during the period. Naples Global Advisors LLC grew its holdings in Mondelez International by 9.9% during the 4th quarter. Naples Global Advisors LLC now owns 3,862 shares of the company's stock valued at $232,000 after buying an additional 348 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Mondelez International by 28.0% during the 4th quarter. V Square Quantitative Management LLC now owns 7,346 shares of the company's stock valued at $439,000 after buying an additional 1,606 shares in the last quarter. Asset Planning Inc purchased a new position in Mondelez International during the 4th quarter valued at about $43,000. Finally, Valeo Financial Advisors LLC grew its holdings in Mondelez International by 13.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 38,381 shares of the company's stock valued at $2,293,000 after buying an additional 4,683 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 1.7%

MDLZ stock traded down $1.19 during midday trading on Friday, hitting $66.93. The company had a trading volume of 6,528,752 shares, compared to its average volume of 8,057,939. 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 52 week low of $53.95 and a 52 week high of $76.06. The stock's 50 day moving average price is $66.56 and its 200 day moving average price is $63.47. The stock has a market cap of $86.66 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating 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 firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The business's revenue was up .2% on a year-over-year basis. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.81%. Mondelez International's payout ratio is currently 69.89%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MDLZ shares. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Barclays boosted their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Evercore ISI boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.11.

Mondelez International 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.