AIA Group Ltd Sells 8,196 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

AIA Group Ltd trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 49,147 shares of the company’s stock after selling 8,196 shares during the quarter. AIA Group Ltd’s holdings in Mondelez International were worth $3,560,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in Mondelez International by 4.4% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 20,562 shares of the company’s stock valued at $1,487,000 after purchasing an additional 865 shares during the last quarter. Flossbach Von Storch AG grew its stake in Mondelez International by 22.4% in the 4th quarter. Flossbach Von Storch AG now owns 859,961 shares of the company’s stock worth $62,287,000 after acquiring an additional 157,157 shares in the last quarter. Waterfront Wealth Inc. grew its stake in Mondelez International by 2.2% in the 4th quarter. Waterfront Wealth Inc. now owns 9,759 shares of the company’s stock worth $707,000 after acquiring an additional 210 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Mondelez International by 92.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,640 shares of the company’s stock worth $192,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Opus Capital Group LLC grew its stake in Mondelez International by 6.2% in the 4th quarter. Opus Capital Group LLC now owns 10,023 shares of the company’s stock worth $726,000 after acquiring an additional 586 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.8 %

NASDAQ:MDLZ traded up $0.55 during midday trading on Thursday, reaching $67.06. 5,405,026 shares of the stock traded hands, compared to its average volume of 7,536,701. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59. The business has a 50-day moving average of $70.86 and a two-hundred day moving average of $70.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market capitalization of $90.29 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.29 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, January 30th. The company reported $0.84 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 analysts’ expectations of $9.31 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. Mondelez International’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.54%. Mondelez International’s payout ratio is 46.83%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Stifel Nicolaus upped their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Barclays dropped their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International 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.