Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,594 shares of the company's stock after selling 5,027 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in Mondelez International were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Transce3nd LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $31,000. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of Mondelez International by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock worth $32,000 after purchasing an additional 216 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.0%

MDLZ stock traded up $0.03 during mid-day trading on Friday, reaching $67.78. The company had a trading volume of 9,105,219 shares, compared to its average volume of 8,060,558. 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 has a market capitalization of $87.76 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 5.25 and a beta of 0.48. The firm has a fifty day simple moving average of $66.73 and a 200 day simple moving average of $63.75. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MDLZ shares. Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Barclays increased their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.63.

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.