Rhumbline Advisers Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Rhumbline Advisers reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,606,641 shares of the company's stock after selling 135,485 shares during the period. Rhumbline Advisers owned approximately 0.20% of Mondelez International worth $176,860,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC grew its stake in shares of Mondelez International by 7.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 19,034 shares of the company's stock worth $1,291,000 after purchasing an additional 1,257 shares during the period. Atlas Brown Inc. acquired a new stake in shares of Mondelez International during the 1st quarter valued at about $210,000. Rothschild Investment LLC increased its stake in shares of Mondelez International by 5.7% in the 1st quarter. Rothschild Investment LLC now owns 8,272 shares of the company's stock valued at $561,000 after purchasing an additional 447 shares in the last quarter. Parallel Advisors LLC raised its holdings in Mondelez International by 7.0% in the 1st quarter. Parallel Advisors LLC now owns 77,256 shares of the company's stock worth $5,242,000 after purchasing an additional 5,040 shares during the period. Finally, GAMMA Investing LLC boosted its position in Mondelez International by 8,117.6% during the first quarter. GAMMA Investing LLC now owns 1,242,741 shares of the company's stock worth $84,320,000 after purchasing an additional 1,227,618 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MDLZ. Wells Fargo & Company upped their target price on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Piper Sandler raised their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Trading Down 0.4%

Shares of Mondelez International stock traded down $0.26 during mid-day trading on Thursday, hitting $66.37. The stock had a trading volume of 6,262,824 shares, compared to its average volume of 8,036,550. The firm has a 50-day moving average of $66.46 and a two-hundred day moving average of $63.38. The firm has a market cap of $85.94 billion, a P/E ratio of 19.41, a price-to-earnings-growth 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 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The business 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 16.75% and a net margin of 12.68%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

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.