First Citizens Bank & Trust Co. Sells 58,524 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Citizens Bank & Trust Co. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 47.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,339 shares of the company's stock after selling 58,524 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Mondelez International were worth $4,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently 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 fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after acquiring an additional 931,776 shares in the last quarter. Capital Research Global Investors increased its position in Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Geode Capital Management LLC increased its position in Mondelez International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares during the period. Ameriprise Financial Inc. raised its holdings in 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 purchasing an additional 975,929 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International in the 4th quarter worth about $1,118,755,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.8%

Mondelez International stock traded up $0.54 during trading hours on Tuesday, hitting $67.24. The stock had a trading volume of 4,827,426 shares, compared to its average volume of 8,029,750. The stock's 50-day moving average price is $66.44 and its 200-day moving average price is $63.40. The stock has a market capitalization of $87.06 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued 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 is Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore ISI boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and increased their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.11.

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.