Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,044 shares of the company's stock after selling 12,916 shares during the period. Mondelez International makes up approximately 1.4% of Alpine Woods Capital Investors LLC's holdings, making the stock its 21st largest position. Alpine Woods Capital Investors LLC's holdings in Mondelez International were worth $5,635,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the period. Capital Research Global Investors boosted its holdings in Mondelez International by 13.9% in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Mondelez International by 2.5% in 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 in the last quarter. Ameriprise Financial Inc. boosted 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 valued at $1,198,491,000 after purchasing an additional 975,929 shares in the last quarter. Finally, Norges Bank purchased a new stake in Mondelez International in the 4th quarter valued at approximately $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the topic of a number of analyst reports. UBS Group lifted their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Barclays lifted their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $68.00 to $78.00 in a research report on Friday, June 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Price Performance

MDLZ stock traded up $0.03 on Friday, reaching $67.18. The company had a trading volume of 6,171,071 shares, compared to its average volume of 8,100,272. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company's fifty day moving average is $66.99 and its 200 day moving average is $64.28. The company has a market cap of $86.99 billion, a P/E ratio of 24.97, a PEG ratio of 5.21 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared 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 dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is presently 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.