South Dakota Investment Council Sells 4,600 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

South Dakota Investment Council lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 172,047 shares of the company’s stock after selling 4,600 shares during the period. South Dakota Investment Council’s holdings in Mondelez International were worth $12,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Arkadios Wealth Advisors raised its holdings in Mondelez International by 4.1% during the third quarter. Arkadios Wealth Advisors now owns 4,421 shares of the company’s stock worth $307,000 after acquiring an additional 176 shares in the last quarter. Ziegler Capital Management LLC raised its holdings in Mondelez International by 2.8% during the third quarter. Ziegler Capital Management LLC now owns 101,733 shares of the company’s stock worth $7,060,000 after acquiring an additional 2,807 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in Mondelez International by 7.8% during the third quarter. Flagship Harbor Advisors LLC now owns 6,074 shares of the company’s stock worth $422,000 after acquiring an additional 437 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in Mondelez International by 1,865.6% during the third quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 597 shares in the last quarter. Finally, Founders Financial Securities LLC raised its holdings in Mondelez International by 4.4% during the third quarter. Founders Financial Securities LLC now owns 17,565 shares of the company’s stock worth $1,219,000 after acquiring an additional 746 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus upped their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Citigroup dropped their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $1.34 on Tuesday, hitting $70.75. The stock had a trading volume of 15,793,320 shares, compared to its average volume of 7,773,232. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59. The business’s 50 day moving average is $70.50 and its two-hundred day moving average is $70.56. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The stock has a market cap of $95.26 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.37 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 the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company 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 firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared 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. This represents a $1.70 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is currently 46.83%.

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.