Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by AlTi Global Inc.

AlTi Global Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,595 shares of the company's stock after selling 8,114 shares during the quarter. AlTi Global Inc.'s holdings in Mondelez International were worth $2,414,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Mondelez International in the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors boosted its holdings in Mondelez International by 13.9% in 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 purchasing an additional 4,572,555 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Mondelez International in the fourth quarter valued at approximately $256,832,000. Van ECK Associates Corp raised its holdings in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after purchasing an additional 3,282,937 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Mondelez International by 13.6% during the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock worth $741,224,000 after buying an additional 1,483,270 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $67.75 on Friday. 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's 50 day moving average is $66.14 and its two-hundred day moving average is $63.66. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market capitalization of $87.64 billion, a PE ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.47.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Evercore ISI lifted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. UBS Group upped their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Barclays raised their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Company 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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.