Mill Capital Management LLC Sells 6,315 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mill Capital Management LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,592 shares of the company's stock after selling 6,315 shares during the period. Mill Capital Management LLC's holdings in Mondelez International were worth $3,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Mondelez International by 1.1% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after acquiring an additional 3,706 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after acquiring an additional 181 shares during the last quarter. MONECO Advisors LLC boosted its holdings in shares of Mondelez International by 16.9% during the fourth quarter. MONECO Advisors LLC now owns 4,585 shares of the company's stock worth $274,000 after purchasing an additional 662 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Mondelez International in the fourth quarter worth about $113,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 0.7%

NASDAQ:MDLZ traded up $0.47 during mid-day trading on Thursday, hitting $67.75. 6,805,754 shares of the company's stock were exchanged, compared to its average volume of 8,043,758. The company has a market cap of $87.72 billion, a PE ratio of 25.19, a P/E/G ratio of 5.30 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a fifty day moving average price of $66.71 and a 200 day moving average price of $63.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same period last year, the business earned $0.93 earnings per share. The business's revenue was up .2% on a year-over-year basis. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $70.63.

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.