Bailard Inc. Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bailard Inc. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,530 shares of the company’s stock after selling 155 shares during the quarter. Bailard Inc.’s holdings in Mondelez International were worth $4,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Northern Trust Corp raised its position in Mondelez International by 1.8% in the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after purchasing an additional 303,965 shares during the period. Bank of New York Mellon Corp grew its holdings in Mondelez International by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,872,797 shares of the company’s stock worth $823,972,000 after acquiring an additional 65,976 shares during the last quarter. Invesco Ltd. grew its holdings in Mondelez International by 9.2% in the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock worth $535,893,000 after acquiring an additional 648,270 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Mondelez International by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,271,547 shares of the company’s stock worth $504,645,000 after acquiring an additional 69,381 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Mondelez International by 7.8% in the 4th quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock worth $451,621,000 after acquiring an additional 450,459 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock traded down $0.50 during trading hours on Thursday, hitting $70.81. 7,802,415 shares of the stock traded hands, compared to its average volume of 7,882,501. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The stock has a market capitalization of $95.34 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.46 and a beta of 0.56. The firm’s 50 day moving average price is $70.50 and its 200-day moving average price is $70.56.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.40%. Mondelez International’s dividend payout ratio (DPR) is presently 46.83%.

Analyst Ratings Changes

MDLZ has been the topic of a number of research reports. Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. JPMorgan Chase & Co. dropped their price objective 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 lifted their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barclays decreased their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.