Mutual of America Capital Management LLC Sells 9,758 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mutual of America Capital Management LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,207 shares of the company's stock after selling 9,758 shares during the quarter. Mutual of America Capital Management LLC's holdings in Mondelez International were worth $10,192,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MDLZ. Norges Bank bought a new position in Mondelez International in the fourth quarter worth about $1,118,755,000. Capital Research Global Investors grew its stake in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Mondelez International during the first quarter worth about $189,930,000. Deutsche Bank AG grew its stake in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mondelez International during the fourth quarter worth about $104,065,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $1.50 on Thursday, reaching $68.97. 2,313,787 shares of the company were exchanged, compared to its average volume of 8,048,216. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year 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. The firm has a market cap of $89.30 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 5.17 and a beta of 0.48. The company's 50-day moving average is $66.98 and its two-hundred day moving average is $64.40.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.73%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $66.00 to $78.00 in a research note on Thursday. Barclays upped their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and upped their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.63.

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.