Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,291,561 shares of the company's stock after selling 102,913 shares during the period. JARISLOWSKY FRASER Ltd owned 0.10% of Mondelez International worth $75,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ICICI Prudential Asset Management Co Ltd increased its position in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares during the last quarter. Czech National Bank boosted its stake in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after purchasing an additional 17,815 shares during the period. Buckingham Capital Management Inc. raised its holdings in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after acquiring an additional 18,961 shares in the last quarter. Kennedy Investment Group bought a new stake in shares of Mondelez International in the fourth quarter valued at about $313,000. Finally, Rhumbline Advisers raised its holdings in shares of Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock valued at $163,787,000 after acquiring an additional 37,897 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.60 during midday trading on Wednesday, reaching $63.54. 7,454,905 shares of the company's stock traded hands, compared to its average volume of 7,960,146. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market cap of $82.27 billion, a P/E ratio of 18.58, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a fifty day simple moving average of $66.26 and a two-hundred day simple moving average of $63.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the firm posted $0.93 EPS. The business's revenue was up .2% on a year-over-year basis. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio is currently 69.89%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MDLZ shares. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and dropped their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. 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. Piper Sandler upped their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Finally, 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $70.55.

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.