Natixis Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Natixis trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 29.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 234,473 shares of the company’s stock after selling 98,999 shares during the period. Natixis’ holdings in Mondelez International were worth $14,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Norinchukin Bank The grew its position in Mondelez International by 7.6% during the 4th quarter. Norinchukin Bank The now owns 70,776 shares of the company’s stock worth $4,227,000 after acquiring an additional 5,007 shares during the last quarter. Ossiam increased its stake in shares of Mondelez International by 121.0% in the fourth quarter. Ossiam now owns 56,049 shares of the company’s stock worth $3,348,000 after buying an additional 30,687 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Mondelez International by 39.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 71,829 shares of the company’s stock valued at $4,290,000 after buying an additional 20,234 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its position in Mondelez International by 1.6% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 12,987 shares of the company’s stock valued at $776,000 after buying an additional 210 shares during the period. Finally, Capital International Inc. CA raised its stake in shares of Mondelez International by 22.0% during the fourth quarter. Capital International Inc. CA now owns 171,439 shares of the company’s stock valued at $10,240,000 after acquiring an additional 30,867 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 1.3 %

Mondelez International stock opened at $67.32 on Friday. The business has a 50-day simple moving average of $65.25 and a two-hundred day simple moving average of $63.96. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $87.08 billion, a P/E ratio of 19.68, a P/E/G ratio of 4.34 and a beta of 0.47.

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 return on equity of 16.75% and a net margin of 12.68%. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

Several research firms have recently issued reports on MDLZ. UBS Group boosted their target price on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Stifel Nicolaus reduced their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley started coverage on shares of Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $70.80.

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.