Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,247 shares of the company’s stock after selling 28,399 shares during the quarter. New York Life Investment Management LLC’s holdings in Mondelez International were worth $15,518,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MDLZ. Barclays PLC raised its stake in Mondelez International by 48.8% during the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after acquiring an additional 1,623,588 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Mondelez International by 44.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after acquiring an additional 1,159,900 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Mondelez International during the 3rd quarter valued at approximately $71,311,000. Envestnet Asset Management Inc. raised its stake in Mondelez International by 38.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock valued at $226,531,000 after acquiring an additional 900,445 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in Mondelez International by 52.7% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock valued at $168,660,000 after acquiring an additional 838,651 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Citigroup dropped their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. dropped 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. Finally, Sanford C. Bernstein raised their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $70.70 on Thursday. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.54. The stock has a market capitalization of $95.20 billion, a P/E ratio of 22.44, a PEG ratio of 2.50 and a beta of 0.55. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average price is $70.36 and its 200 day moving average price is $70.87.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.51 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.40%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is presently 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.