Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Strs Ohio

Strs Ohio trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 579,539 shares of the company's stock after selling 37,420 shares during the quarter. Strs Ohio's holdings in Mondelez International were worth $41,976,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Mondelez International by 3.9% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company's stock worth $264,000 after purchasing an additional 136 shares in the last quarter. Cobblestone Asset Management LLC boosted its position in shares of Mondelez International by 2.8% in the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company's stock worth $361,000 after purchasing an additional 138 shares in the last quarter. Graypoint LLC boosted its position in shares of Mondelez International by 1.1% in the 4th quarter. Graypoint LLC now owns 12,281 shares of the company's stock worth $890,000 after purchasing an additional 138 shares in the last quarter. Beacon Capital Management LLC lifted its position in Mondelez International by 15.9% in the 4th quarter. Beacon Capital Management LLC now owns 1,019 shares of the company's stock valued at $71,000 after acquiring an additional 140 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its position in Mondelez International by 1.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 7,632 shares of the company's stock valued at $553,000 after acquiring an additional 140 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MDLZ shares. StockNews.com cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price objective on Mondelez International from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Citigroup lowered their price objective on Mondelez International from $87.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $82.00 to $76.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.89.

Mondelez International Price Performance

Mondelez International stock traded down $0.82 during mid-day trading on Monday, hitting $65.87. The stock had a trading volume of 10,783,508 shares, compared to its average volume of 7,561,754. The firm has a market capitalization of $88.69 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.32 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The firm's 50 day moving average is $71.21 and its 200 day moving average is $70.52. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. Mondelez International's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International's dividend payout ratio is currently 46.83%.

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.