Principal Financial Group Inc. Has $92.73 Million Position in Mondelez International, Inc. $MDLZ

Principal Financial Group Inc. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,484,398 shares of the company’s stock after selling 24,137 shares during the quarter. Principal Financial Group Inc.’s holdings in Mondelez International were worth $92,730,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Soundwatch Capital LLC bought a new stake in Mondelez International during the 2nd quarter worth approximately $27,000. Rossby Financial LCC boosted its stake in Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 282 shares during the last quarter. Aspect Partners LLC increased its stake in shares of Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new position in shares of Mondelez International in the second quarter valued at about $33,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 0.4%

NASDAQ:MDLZ opened at $58.69 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The firm has a market capitalization of $75.73 billion, a price-to-earnings ratio of 21.98 and a beta of 0.39. The business’s 50-day moving average price is $55.61 and its two-hundred day moving average price is $59.60.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s payout ratio is currently 74.91%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Mondelez International in a report on Monday, January 26th. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 21st. TD Cowen dropped their target price on Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Barclays dropped their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.11.

Mondelez International Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.