Palisade Capital Management LP Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Palisade Capital Management LP trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,764 shares of the company's stock after selling 13,416 shares during the period. Palisade Capital Management LP's holdings in Mondelez International were worth $6,633,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Norges Bank bought a new position in Mondelez International during the 4th quarter valued at $1,118,755,000. Capital Research Global Investors increased its holdings in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. bought a new stake in Mondelez International in the fourth quarter valued at about $256,832,000. Vaughan Nelson Investment Management L.P. bought a new position in Mondelez International during the 1st quarter valued at about $189,930,000. Finally, Deutsche Bank AG increased its position in Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after acquiring an additional 2,002,640 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent analyst reports. Barclays upped their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Stifel Nicolaus upped their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley raised their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Evercore ISI raised their price objective on shares of 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. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Performance

Mondelez International stock opened at $69.13 on Thursday. The company has a market cap of $89.51 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 5.34 and a beta of 0.48. The company's 50-day moving average price is $66.78 and its 200-day moving average price is $63.86. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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 net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the company earned $0.93 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

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.

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