Principal Financial Group Inc. Has $92.73 Million Stock Position in Mondelez International, Inc. $MDLZ

Principal Financial Group Inc. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,484,398 shares of the company’s stock after selling 24,137 shares during the quarter. Principal Financial Group Inc. owned 0.11% of Mondelez International worth $92,730,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MDLZ. Soundwatch Capital LLC acquired a new position in Mondelez International during the second quarter valued at $27,000. Rossby Financial LCC grew its stake in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after acquiring an additional 406 shares in the last quarter. Aspect Partners LLC grew its stake in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 282 shares during the period. Finally, Financial Connections Group Inc. purchased a new stake in shares of Mondelez International in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 21st. TD Cowen lowered their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Wells Fargo & Company cut their price objective on Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Sanford C. Bernstein reissued an “outperform” rating on shares of Mondelez International in a research report on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $66.11.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $58.69 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The firm has a fifty day simple moving average of $55.61 and a 200-day simple moving average of $59.60. The stock has a market capitalization of $75.73 billion, a price-to-earnings ratio of 21.98 and a beta of 0.39.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a $0.50 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Mondelez International’s dividend payout ratio (DPR) is currently 74.91%.

Mondelez International Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.