Nisa Investment Advisors LLC Sells 96,973 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Nisa Investment Advisors LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 418,466 shares of the company's stock after selling 96,973 shares during the period. Nisa Investment Advisors LLC's holdings in Mondelez International were worth $28,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Mondelez International in the fourth quarter worth $1,118,755,000. Capital Research Global Investors boosted its stake in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Mondelez International in the 1st quarter valued at $189,930,000. Deutsche Bank AG boosted its position in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Mondelez International in the 4th quarter worth about $104,065,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. UBS Group increased their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Evercore ISI increased their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley raised their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. One equities 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.30 during trading on Thursday, hitting $67.15. 7,359,378 shares of the stock were exchanged, compared to its average volume of 8,106,713. The company's fifty day simple moving average is $67.01 and its 200-day simple moving average is $64.14. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market capitalization of $86.95 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 5.29 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 (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates 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. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

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.