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

Anchor Investment Management LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 38,940 shares of the company’s stock after selling 705 shares during the quarter. Anchor Investment Management LLC’s holdings in Mondelez International were worth $2,326,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank purchased a new position in Mondelez International in the fourth quarter valued at approximately $1,118,755,000. Raymond James Financial Inc. bought a new position in Mondelez International during the 4th quarter worth approximately $256,832,000. Van ECK Associates Corp raised its holdings in shares of Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after purchasing an additional 3,282,937 shares during the period. Invesco Ltd. grew its position in shares of Mondelez International by 13.6% during the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock valued at $741,224,000 after buying an additional 1,483,270 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in shares of Mondelez International by 331.9% in the 4th quarter. Bank of Nova Scotia now owns 1,394,430 shares of the company’s stock worth $83,289,000 after purchasing an additional 1,071,596 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MDLZ. Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. UBS Group decreased their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. Finally, Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Mondelez International Stock Up 1.9 %

Shares of Mondelez International stock opened at $68.30 on Tuesday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $64.59 and a two-hundred day moving average price of $64.06. The stock has a market capitalization of $88.35 billion, a P/E ratio of 19.97, a PEG ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

About Mondelez International

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.