Private Advisor Group LLC Sells 4,616 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Private Advisor Group LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,056 shares of the company's stock after selling 4,616 shares during the period. Private Advisor Group LLC's holdings in Mondelez International were worth $4,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Norges Bank acquired a new stake in shares of Mondelez International during the 4th quarter worth about $1,118,755,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Mondelez International by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after buying an additional 208,181 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Evercore ISI lifted their target price 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 target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $70.72.

Mondelez International Stock Up 0.4%

Shares of NASDAQ MDLZ traded up $0.25 during trading on Friday, hitting $70.43. The stock had a trading volume of 2,050,284 shares, compared to its average volume of 9,000,530. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The company has a market capitalization of $91.19 billion, a PE ratio of 26.18, a PEG ratio of 5.28 and a beta of 0.48. The firm has a fifty day moving average of $67.53 and a two-hundred day moving average of $64.84.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. As a group, 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 declared a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Mondelez International 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.