Hartford Investment Management Co. Sells 1,416 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Hartford Investment Management Co. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,604 shares of the company’s stock after selling 1,416 shares during the quarter. Hartford Investment Management Co.’s holdings in Mondelez International were worth $4,934,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. State Street Corp boosted its position in Mondelez International by 3.2% during the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after acquiring an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC boosted its position in Mondelez International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after acquiring an additional 341,203 shares in the last quarter. FMR LLC boosted its position in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after purchasing an additional 489,068 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on MDLZ. Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Barclays dropped their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Royal Bank of Canada dropped their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Price Performance

NASDAQ MDLZ opened at $60.45 on Wednesday. The business’s fifty day moving average price is $59.20 and its 200-day moving average price is $66.30. The stock has a market capitalization of $80.83 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.11%. Mondelez International’s dividend payout ratio is currently 54.97%.

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.