Bessemer Group Inc. Sells 4,309 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bessemer Group Inc. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 95,321 shares of the company’s stock after selling 4,309 shares during the period. Bessemer Group Inc.’s holdings in Mondelez International were worth $5,692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 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 period. Czech National Bank boosted its stake in shares of Mondelez International by 6.5% in the 4th 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 last quarter. Buckingham Capital Management Inc. boosted its stake in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after purchasing an additional 18,961 shares during the last quarter. Legacy Private Trust Co. raised its stake in shares of Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after buying an additional 957 shares during the last quarter. Finally, Kennedy Investment Group acquired a new position in Mondelez International in the fourth quarter valued at approximately $313,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $67.05 on Friday. The company has a market capitalization of $86.73 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 4.34 and a beta of 0.47. The business’s 50-day moving average price is $64.38 and its two-hundred day moving average price is $64.18. 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 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley started coverage on Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 price objective for the company. Royal Bank of Canada cut their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Piper Sandler boosted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.50.

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.