First Manhattan CO. LLC. Sells 200,606 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Manhattan CO. LLC. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,383,607 shares of the company's stock after selling 200,606 shares during the period. First Manhattan CO. LLC. owned approximately 0.18% of Mondelez International worth $144,716,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd grew its holdings in shares of Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after buying an additional 74,975 shares during the period. Czech National Bank grew its holdings in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after buying an additional 17,815 shares during the period. Buckingham Capital Management Inc. grew its holdings in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after buying an additional 18,961 shares during the period. Legacy Private Trust Co. raised its holdings in shares of Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after acquiring an additional 957 shares during the period. Finally, Kennedy Investment Group acquired a new stake in shares of Mondelez International during the fourth quarter worth $313,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MDLZ shares. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Barclays raised their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Mizuho raised their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Trading Down 0.5%

Shares of MDLZ traded down $0.29 during trading hours on Wednesday, hitting $63.85. 3,706,168 shares of the stock were exchanged, compared to its average volume of 7,933,678. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $82.67 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The business has a 50-day moving average of $66.35 and a 200-day moving average of $63.47. 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 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) 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.