Avanza Fonder AB Sells 17,643 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Avanza Fonder AB lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 120,981 shares of the company's stock after selling 17,643 shares during the period. Avanza Fonder AB's holdings in Mondelez International were worth $8,000,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MDLZ. Marshall Investment Management LLC bought a new stake in Mondelez International in the 4th quarter worth approximately $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International in the 4th quarter worth $30,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International in the fourth quarter worth $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the fourth quarter valued at $32,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on MDLZ shares. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. UBS Group boosted their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Barclays upped their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Finally, Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.11.

Mondelez International Trading Down 0.4%

Shares of NASDAQ:MDLZ traded down $0.29 during trading on Wednesday, hitting $66.95. The company had a trading volume of 6,854,232 shares, compared to its average volume of 8,049,006. The company has a fifty day simple moving average of $66.43 and a two-hundred day simple moving average of $63.43. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market cap of $86.69 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results 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. The firm 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%. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.81%. Mondelez International's payout ratio is currently 69.89%.

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.