Mondelez International, Inc. (NASDAQ:MDLZ) Stake Lowered by Advocate Group LLC

Advocate Group LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 31.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,925 shares of the company's stock after selling 3,700 shares during the period. Advocate Group LLC's holdings in Mondelez International were worth $538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amundi grew its position in shares of Mondelez International by 20.1% in the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after purchasing an additional 478,225 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Mondelez International by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock valued at $27,343,000 after purchasing an additional 4,121 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Mondelez International in the fourth quarter valued at $336,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Mondelez International by 23.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of Mondelez International by 2.4% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 540,900 shares of the company's stock valued at $32,308,000 after purchasing an additional 12,900 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MDLZ shares. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $68.00 to $78.00 in a report on Friday. Morgan Stanley lifted their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Evercore ISI lifted their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Stock Up 3.0%

NASDAQ MDLZ traded up $1.96 on Friday, hitting $68.31. 12,997,727 shares of the stock traded hands, compared to its average volume of 8,082,153. The stock has a 50-day moving average of $66.66 and a 200 day moving average of $63.55. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market capitalization of $88.45 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 5.29 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company 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 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

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.