Coho Partners Ltd. Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Coho Partners Ltd. trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 855,075 shares of the company's stock after selling 329,845 shares during the period. Mondelez International accounts for 3.5% of Coho Partners Ltd.'s portfolio, making the stock its 11th largest position. Coho Partners Ltd. owned 0.07% of Mondelez International worth $58,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MDLZ. Marshall Investment Management LLC purchased a new position in Mondelez International in the fourth quarter worth $26,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth $30,000. Transce3nd LLC purchased a new position in Mondelez International during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the 4th quarter worth $31,000. Finally, Coppell Advisory Solutions LLC increased its position in Mondelez International by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock valued at $32,000 after buying an additional 216 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 3.0%

Shares of MDLZ opened at $68.31 on Friday. The stock has a 50 day moving average price of $66.66 and a 200 day moving average price of $63.55. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a market capitalization of $88.45 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 5.29 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) 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 analysts' expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.75%. Mondelez International's dividend payout ratio is presently 69.89%.

Analyst Ratings Changes

MDLZ has been the subject of several recent analyst reports. Stifel Nicolaus raised their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Evercore ISI increased their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $70.63.

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.

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.