Keybank National Association OH Sells 38,459 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Keybank National Association OH trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,067 shares of the company's stock after selling 38,459 shares during the period. Keybank National Association OH's holdings in Mondelez International were worth $21,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Mondelez International by 0.7% during the 4th 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 in the last quarter. Capital Research Global Investors increased its holdings in Mondelez International by 13.9% during 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 increased its holdings in Mondelez International by 2.5% during 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. increased its stake in shares of 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 buying an additional 975,929 shares during the period. Finally, Norges Bank acquired a new stake in shares of Mondelez International in the 4th quarter valued at $1,118,755,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.8%

NASDAQ MDLZ traded down $0.55 during trading hours on Friday, hitting $69.02. The company's stock had a trading volume of 3,342,865 shares, compared to its average volume of 8,088,438. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $89.36 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 5.35 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. The company's 50-day simple moving average is $66.91 and its two-hundred day simple moving average is $64.00.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly 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. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Mondelez International's dividend payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MDLZ. Barclays lifted their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley lifted their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Evercore ISI raised their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, 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 report on Friday, April 11th. 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 MarketBeat, the company presently has an average 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.