Focus Partners Advisor Solutions LLC Sells 5,941 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Focus Partners Advisor Solutions LLC trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 34.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,156 shares of the company's stock after selling 5,941 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Mondelez International were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Glass Jacobson Investment Advisors llc increased its position in Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after acquiring an additional 168 shares during the period. First Horizon Advisors Inc. increased its position in Mondelez International by 1.8% in the 4th 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 period. Core Alternative Capital increased its position in Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after acquiring an additional 187 shares during the period. Waldron Private Wealth LLC increased its position in Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after acquiring an additional 191 shares during the period. Finally, 44 Wealth Management LLC increased its position in Mondelez International by 2.6% in the 4th quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock valued at $457,000 after acquiring an additional 191 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.8%

Shares of Mondelez International stock traded up $0.52 during midday trading on Thursday, hitting $67.14. The company's stock had a trading volume of 2,849,354 shares, compared to its average volume of 7,991,851. The firm has a market capitalization of $86.94 billion, a P/E ratio of 19.62, a PEG ratio of 4.34 and a beta of 0.50. The stock has a 50-day simple moving average of $66.39 and a 200-day simple moving average of $63.31. 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, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.80%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group raised their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. increased their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Stifel Nicolaus increased their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.55.

About Mondelez International

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.