Freedom Together Foundation Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Freedom Together Foundation reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 80.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,911 shares of the company’s stock after selling 117,000 shares during the quarter. Mondelez International accounts for approximately 0.2% of Freedom Together Foundation’s investment portfolio, making the stock its 14th largest holding. Freedom Together Foundation’s holdings in Mondelez International were worth $1,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Mondelez International during the fourth quarter valued at about $1,118,755,000. Capital Research Global Investors grew its position in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Mondelez International during the 4th quarter worth approximately $256,832,000. Van ECK Associates Corp raised its stake in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after acquiring an additional 3,282,937 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after acquiring an additional 2,002,640 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 1.3 %

Shares of MDLZ stock opened at $66.37 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market cap of $85.94 billion, a P/E ratio of 19.41, a P/E/G ratio of 4.34 and a beta of 0.50. The stock has a 50 day moving average of $66.41 and a 200 day moving average of $63.58. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.83%. Mondelez International’s payout ratio is 69.89%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MDLZ shares. Barclays increased their price objective on Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. The Goldman Sachs Group dropped their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley increased their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Finally, Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.55.

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.