Eagle Global Advisors LLC Sells 51,361 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Eagle Global Advisors LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 60.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,901 shares of the company's stock after selling 51,361 shares during the quarter. Eagle Global Advisors LLC's holdings in Mondelez International were worth $2,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after buying an additional 931,776 shares in the last quarter. Capital Research Global Investors raised its stake in shares of 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Mondelez International by 5.1% in the 4th 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 last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International in the 4th quarter valued at $1,118,755,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Down 0.5 %

MDLZ stock opened at $67.19 on Thursday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a market capitalization of $86.91 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The business's 50 day moving average price is $66.36 and its two-hundred day moving average price is $63.64. 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 data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio is 69.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MDLZ shares. Mizuho boosted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, UBS Group increased their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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