Cambridge Investment Research Advisors Inc. Has $9.33 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Cambridge Investment Research Advisors Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,429 shares of the company's stock after selling 5,321 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Mondelez International were worth $9,325,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Transce3nd LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $30,000. Orion Capital Management LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International in the fourth quarter valued at approximately $31,000. Coppell Advisory Solutions LLC grew its position in Mondelez International by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock worth $32,000 after acquiring an additional 216 shares in the last quarter. Finally, Measured Risk Portfolios Inc. bought a new stake in Mondelez International in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Down 1.7%

MDLZ stock opened at $67.28 on Thursday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The company has a market cap of $87.11 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 5.30 and a beta of 0.48. The business's 50-day simple moving average is $66.71 and its 200 day simple moving average is $63.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is 69.89%.

Analyst Ratings Changes

MDLZ has been the subject of several analyst reports. Evercore ISI lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Barclays boosted their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group raised 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. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

About Mondelez International

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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.