Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 34.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,156 shares of the company’s stock after selling 5,941 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Mondelez International were worth $666,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock worth $7,910,477,000 after acquiring an additional 931,776 shares during the period. Capital Research Global Investors grew its holdings in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Geode Capital Management LLC grew its holdings in Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the period. Ameriprise Financial Inc. grew its holdings in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the period. Finally, Norges Bank acquired a new position in Mondelez International during the fourth quarter worth about $1,118,755,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MDLZ shares. Stifel Nicolaus lifted their price target on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Evercore ISI lifted their price target on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Finally, DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $70.55.

Mondelez International Trading Up 1.0%

Shares of NASDAQ MDLZ opened at $66.14 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market capitalization of $85.64 billion, a PE ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $66.25 and a two-hundred day moving average price of $63.30.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. Mondelez International’s dividend payout ratio is 69.89%.

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.