Capital Group Private Client Services Inc. Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital Group Private Client Services Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 54.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,936 shares of the company’s stock after selling 181,043 shares during the period. Capital Group Private Client Services Inc.’s holdings in Mondelez International were worth $10,776,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after buying an additional 1,686,229 shares during the period. Capital Research Global Investors grew its stake in shares of Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after buying an additional 6,426,928 shares during the last quarter. Capital World Investors raised its holdings in shares of Mondelez International by 2.2% in the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Norges Bank bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $1,231,413,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Barclays cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. TD Cowen reduced their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Wells Fargo & Company dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Finally, Bank of America reduced their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.39.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.03 during trading hours on Friday, reaching $66.42. The company’s stock had a trading volume of 5,778,479 shares, compared to its average volume of 7,204,316. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company’s 50-day moving average is $66.94 and its two-hundred day moving average is $69.99. The firm has a market capitalization of $89.09 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 2.75 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.56%. Mondelez International’s dividend payout ratio is currently 53.97%.

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.