Principal Financial Group Inc. Sells 26,425 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Principal Financial Group Inc. decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,537,422 shares of the company's stock after selling 26,425 shares during the period. Principal Financial Group Inc. owned 0.12% of Mondelez International worth $104,314,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amundi boosted its holdings in Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after purchasing an additional 478,225 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Mondelez International by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock valued at $27,343,000 after purchasing an additional 4,121 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after buying an additional 8,544 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after buying an additional 4,002 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 0.8%

MDLZ traded down $0.55 during trading on Friday, reaching $69.02. 3,342,865 shares of the company's stock were exchanged, compared to its average volume of 8,088,438. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $89.36 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 5.35 and a beta of 0.48. The firm has a fifty day moving average price of $66.91 and a two-hundred day moving average price of $64.00.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. UBS Group boosted their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Barclays boosted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Evercore ISI boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.