Daiwa Securities Group Inc. Has $13.66 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Daiwa Securities Group Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,558 shares of the company’s stock after selling 17,832 shares during the period. Daiwa Securities Group Inc.’s holdings in Mondelez International were worth $13,657,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MDLZ. Tyler Stone Wealth Management acquired a new position in shares of Mondelez International in the second quarter valued at about $25,000. Retirement Group LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $25,000. Carmel Capital Partners LLC bought a new position in shares of Mondelez International in the 3rd quarter valued at $28,000. First Command Advisory Services Inc. acquired a new position in Mondelez International during the third quarter worth about $29,000. Finally, Orion Capital Management LLC acquired a new position in Mondelez International during the 3rd quarter worth approximately $35,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MDLZ shares. 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. Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped 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. Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Up 0.2 %

MDLZ stock opened at $66.65 on Thursday. The stock has a market cap of $89.74 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.29 and a beta of 0.56. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.59. 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 stock’s fifty day simple moving average is $70.86 and its two-hundred day simple moving average is $70.47.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. Analysts expect 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 issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.55%. Mondelez International’s dividend payout ratio (DPR) is presently 46.83%.

Mondelez International Company 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.