Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,879 shares of the company’s stock after selling 3,187 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Mondelez International were worth $1,657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management acquired a new position in Mondelez International during the 2nd quarter worth approximately $25,000. Retirement Group LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $25,000. Carmel Capital Partners LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Mondelez International during the 3rd quarter worth approximately $29,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. 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 research report on Thursday, January 18th. Stifel Nicolaus upped their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $65.98 on Wednesday. The stock has a market cap of $88.84 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.29 and a beta of 0.56. 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 firm’s fifty day simple moving average is $71.02 and its 200-day simple moving average is $70.50. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.58%. Mondelez International’s payout ratio is currently 46.83%.

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.