PGGM Investments Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

PGGM Investments trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 138,279 shares of the company’s stock after selling 17,818 shares during the period. PGGM Investments’ holdings in Mondelez International were worth $10,016,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MDLZ. Carmel Capital Partners LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International during the third quarter valued at approximately $29,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $35,000. Legacy Financial Group LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $45,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $56,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ stock traded down $0.19 during mid-day trading on Friday, hitting $70.61. The company had a trading volume of 7,145,125 shares, compared to its average volume of 9,491,838. The company has a market capitalization of $95.07 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 2.46 and a beta of 0.56. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $70.45 and a 200 day moving average price of $70.66.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. The business had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. On average, research analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is 46.83%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays decreased their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Company 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.