AIA Group Ltd Has $3.56 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

AIA Group Ltd cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,147 shares of the company’s stock after selling 8,196 shares during the period. AIA Group Ltd’s holdings in Mondelez International were worth $3,560,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MDLZ. Fairfield Bush & CO. acquired a new stake in shares of Mondelez International in the 1st quarter valued at about $100,000. United Bank grew its stake in shares of Mondelez International by 4.6% in the 1st quarter. United Bank now owns 27,006 shares of the company’s stock valued at $1,695,000 after buying an additional 1,189 shares during the period. Cetera Investment Advisers boosted its stake in Mondelez International by 4.0% during the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock valued at $1,782,000 after purchasing an additional 1,085 shares during the last quarter. Dakota Wealth Management acquired a new position in Mondelez International during the 1st quarter valued at about $561,000. Finally, Covestor Ltd boosted its stake in Mondelez International by 69.0% during the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock valued at $80,000 after purchasing an additional 518 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.55 during mid-day trading on Thursday, reaching $67.06. The company had a trading volume of 5,405,026 shares, compared to its average volume of 7,536,701. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The firm has a market cap of $90.29 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.29 and a beta of 0.56. The company’s 50-day moving average price is $70.86 and its 200-day moving average price is $70.47. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.59.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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. The company had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. Mondelez International’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued 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%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. 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 report on Friday, April 12th. Finally, Citigroup dropped 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 report on Thursday, April 11th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.89.

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.