Mondelez International, Inc. (NASDAQ:MDLZ) Position Cut by South Dakota Investment Council

South Dakota Investment Council cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,031 shares of the company's stock after selling 9,401 shares during the period. South Dakota Investment Council's holdings in Mondelez International were worth $10,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Abound Financial LLC purchased a new stake in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the 1st quarter valued at about $26,000. Transce3nd LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $30,000. Orion Capital Management LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MDLZ shares. Morgan Stanley lifted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. UBS Group lifted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company a "neutral" rating in a research note on Thursday. Barclays lifted their price objective 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. Stifel Nicolaus raised their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $70.72.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.01 during mid-day trading on Friday, reaching $69.81. The company's stock had a trading volume of 10,412,195 shares, compared to its average volume of 8,107,952. The stock has a 50-day moving average of $67.10 and a two-hundred day moving average of $64.57. The stock has a market capitalization of $90.39 billion, a P/E ratio of 25.95, a P/E/G ratio of 5.40 and a beta of 0.48. 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, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results 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. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. Mondelez International's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. Mondelez International's dividend 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.