Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,072,476 shares of the company's stock after selling 350,887 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.32% of Mondelez International worth $1,158,367,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Checchi Capital Advisers LLC boosted its stake in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after buying an additional 160 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after purchasing an additional 168 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in Mondelez International by 4.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock worth $284,000 after purchasing an additional 193 shares during the last quarter. Finally, Country Club Bank lifted its stake in Mondelez International by 1.5% during the first quarter. Country Club Bank now owns 12,797 shares of the company's stock worth $867,000 after purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

MDLZ stock traded down $0.92 on Tuesday, reaching $66.72. 1,895,512 shares of the company's stock were exchanged, compared to its average volume of 8,064,971. 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 firm has a market cap of $86.39 billion, a PE ratio of 24.80, a P/E/G ratio of 5.21 and a beta of 0.48. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a fifty day moving average of $66.99 and a 200-day moving average of $64.36.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its 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 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 was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. UBS Group boosted their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Morgan Stanley boosted their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.