First Manhattan CO. LLC. Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

First Manhattan CO. LLC. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,383,607 shares of the company's stock after selling 200,606 shares during the quarter. First Manhattan CO. LLC. owned about 0.18% of Mondelez International worth $144,716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the period. Capital Research Global Investors grew its holdings in shares of 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 last quarter. Geode Capital Management LLC grew its holdings in shares of 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 last quarter. Ameriprise Financial Inc. grew its holdings in shares of 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 last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $1,118,755,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Down 1.3%

Mondelez International stock traded down $0.85 during trading on Friday, reaching $66.37. The stock had a trading volume of 5,135,787 shares, compared to its average volume of 7,934,199. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business has a 50 day moving average price of $66.41 and a 200 day moving average price of $63.49. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $85.94 billion, a PE ratio of 19.41, a P/E/G ratio of 4.34 and a beta of 0.50.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during 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 quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.83%. Mondelez International's dividend payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MDLZ shares. Wells Fargo & Company increased their price target on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. Mizuho increased 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. Morgan Stanley increased their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. UBS Group increased their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Finally, Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.55.

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.