Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,300 shares of the company’s stock after selling 41,900 shares during the period. Intact Investment Management Inc.’s holdings in Mondelez International were worth $3,498,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Carmel Capital Partners LLC acquired a new stake in shares of Mondelez International during the 3rd quarter valued at approximately $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Mondelez International during the 3rd quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the 3rd quarter valued at approximately $35,000. Legacy Financial Group LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $45,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MDLZ shares. Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Price Performance

MDLZ stock traded down $0.19 on Friday, hitting $70.61. 7,145,125 shares of the company’s stock traded hands, compared to its average volume of 9,491,838. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.59. The stock has a market cap 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. The stock has a fifty day moving average of $70.45 and a 200-day moving average of $70.66. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last issued 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. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter last year, the business posted $0.73 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts forecast that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.41%. Mondelez International’s dividend payout ratio is currently 46.83%.

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.