Sarasin & Partners LLP Sells 10,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sarasin & Partners LLP decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,000 shares of the company's stock after selling 10,000 shares during the quarter. Sarasin & Partners LLP's holdings in Mondelez International were worth $2,036,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after acquiring an additional 7,025 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $1,682,000. Empowered Funds LLC lifted its stake in Mondelez International by 14.1% during the fourth quarter. Empowered Funds LLC now owns 177,459 shares of the company's stock valued at $10,600,000 after purchasing an additional 21,936 shares during the last quarter. Entropy Technologies LP acquired a new position in Mondelez International in the fourth quarter worth approximately $1,540,000. Finally, Stephens Inc. AR increased its holdings in shares of Mondelez International by 2.0% in the fourth quarter. Stephens Inc. AR now owns 26,571 shares of the company's stock valued at $1,587,000 after buying an additional 527 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of MDLZ traded up $1.17 on Thursday, hitting $68.12. The company's stock had a trading volume of 6,135,643 shares, compared to its average volume of 8,041,416. The company has a market capitalization of $88.20 billion, a PE ratio of 19.92, a PEG ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a 50 day moving average price of $66.44 and a 200 day moving average price of $63.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is presently 69.89%.

Analyst Ratings Changes

MDLZ has been the subject of several analyst reports. Barclays upped their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Finally, Wells Fargo & Company boosted their target price on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $70.11.

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.