Yousif Capital Management LLC Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Yousif Capital Management LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,763 shares of the company's stock after selling 4,260 shares during the quarter. Yousif Capital Management LLC's holdings in Mondelez International were worth $10,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MDLZ. Vanguard Group Inc. grew its position in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after buying an additional 931,776 shares during the period. Capital Research Global Investors grew its position in Mondelez International by 13.9% during 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 during the period. Geode Capital Management LLC grew its position 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 valued at $1,721,954,000 after buying an additional 708,523 shares during the period. Ameriprise Financial Inc. grew its position in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after buying an additional 975,929 shares during the period. Finally, Norges Bank bought a new stake in Mondelez International during the fourth quarter valued at approximately $1,118,755,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Mizuho lifted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Barclays lifted their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, UBS Group boosted their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $70.11.

Mondelez International Trading Up 1.7%

Shares of MDLZ stock traded up $1.17 on Thursday, reaching $68.12. 6,144,115 shares of the company's stock were exchanged, compared to its average volume of 8,048,496. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $88.20 billion, a PE ratio of 19.92, a P/E/G ratio of 4.34 and a beta of 0.48. The company's fifty day simple moving average is $66.50 and its 200 day simple moving average is $63.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly 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 the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

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