Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by American International Group Inc.

American International Group Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,951 shares of the company’s stock after buying an additional 487 shares during the period. American International Group Inc.’s holdings in Mondelez International were worth $32,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. EP Wealth Advisors LLC boosted its stake in Mondelez International by 11.2% during the fourth quarter. EP Wealth Advisors LLC now owns 21,302 shares of the company’s stock worth $1,543,000 after buying an additional 2,149 shares during the period. Syon Capital LLC increased its holdings in Mondelez International by 23.8% in the 4th quarter. Syon Capital LLC now owns 13,135 shares of the company’s stock valued at $951,000 after purchasing an additional 2,525 shares during the last quarter. Integrated Advisors Network LLC raised its position in Mondelez International by 28.2% in the fourth quarter. Integrated Advisors Network LLC now owns 13,992 shares of the company’s stock valued at $1,013,000 after purchasing an additional 3,082 shares during the period. Garde Capital Inc. lifted its stake in Mondelez International by 34.7% during the fourth quarter. Garde Capital Inc. now owns 5,111 shares of the company’s stock worth $370,000 after purchasing an additional 1,318 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Mondelez International by 8.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,816 shares of the company’s stock worth $204,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Sanford C. Bernstein lifted their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Evercore ISI cut their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Citigroup dropped their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Finally, Barclays reduced their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $0.25 during trading hours on Friday, hitting $65.85. The company had a trading volume of 5,029,060 shares, compared to its average volume of 5,133,510. The business has a 50 day moving average of $68.95 and a 200-day moving average of $71.12. The company has a market cap of $88.33 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

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.