Fiduciary Alliance LLC Sells 98,991 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fiduciary Alliance LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 93.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,063 shares of the company's stock after selling 98,991 shares during the period. Fiduciary Alliance LLC's holdings in Mondelez International were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after purchasing an additional 74,975 shares in the last quarter. Buckingham Capital Management Inc. raised its stake in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after buying an additional 18,961 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Mondelez International by 1.4% during the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock worth $163,787,000 after acquiring an additional 37,897 shares during the period. Amundi lifted its holdings in shares of Mondelez International by 20.1% during the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after acquiring an additional 478,225 shares during the period. Finally, Quilter Plc boosted its position in shares of Mondelez International by 3.0% during the 4th quarter. Quilter Plc now owns 889,192 shares of the company's stock valued at $53,111,000 after acquiring an additional 26,023 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on MDLZ. Piper Sandler raised their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Royal Bank of Canada restated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Mizuho boosted 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. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Trading Down 0.4%

Shares of MDLZ traded down $0.26 during trading hours on Friday, reaching $66.12. The stock had a trading volume of 4,225,759 shares, compared to its average volume of 8,021,742. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $85.61 billion, a P/E ratio of 19.33, a P/E/G ratio of 4.34 and a beta of 0.48. The firm has a 50-day moving average of $66.46 and a 200 day moving average of $63.38.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating 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 business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the previous year, the business posted $0.93 EPS. Mondelez International's revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is 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.