Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 16.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,897 shares of the company's stock after selling 4,053 shares during the period. Park Avenue Securities LLC's holdings in Mondelez International were worth $1,350,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in MDLZ. ICICI Prudential Asset Management Co Ltd grew its position in Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares during the period. Buckingham Capital Management Inc. boosted its stake in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after buying an additional 18,961 shares during the last quarter. Rhumbline Advisers grew its holdings in Mondelez International by 1.4% during the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock worth $163,787,000 after acquiring an additional 37,897 shares during the period. Amundi raised its position in Mondelez International by 20.1% during the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after acquiring an additional 478,225 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Mondelez International by 32.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 975,063 shares of the company's stock valued at $58,026,000 after acquiring an additional 236,705 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on MDLZ shares. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Evercore ISI lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Barclays upped their price target on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group lifted their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their target price on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.11.

Mondelez International Stock Up 1.7%

Mondelez International stock traded up $1.17 during mid-day trading on Thursday, hitting $68.12. The company had a trading volume of 6,144,115 shares, compared to its average volume of 8,048,496. The stock has a market cap of $88.20 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 4.34 and a beta of 0.48. 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. The business has a fifty day moving average of $66.44 and a 200 day moving average of $63.45.

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

Mondelez International Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.76%. Mondelez International's payout ratio is 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.