AQR Capital Management LLC Sells 252,407 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

AQR Capital Management LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,379,383 shares of the company's stock after selling 252,407 shares during the quarter. AQR Capital Management LLC owned about 0.10% of Mondelez International worth $82,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the fourth quarter valued at about $27,000. Transce3nd LLC bought a new position in Mondelez International in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International during the fourth quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International in the fourth quarter valued at $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.7 %

Shares of Mondelez International stock traded down $0.51 during midday trading on Tuesday, reaching $67.29. 1,016,809 shares of the company's stock traded hands, compared to its average volume of 7,885,275. The stock has a 50 day moving average of $66.23 and a 200-day moving average of $63.59. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market cap of $87.04 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The firm's quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio is currently 69.89%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average price target of $70.55.

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.