Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by SVB Wealth LLC

SVB Wealth LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 188,914 shares of the company's stock after selling 56,476 shares during the period. SVB Wealth LLC's holdings in Mondelez International were worth $13,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tyler Stone Wealth Management purchased a new stake in Mondelez International in the second quarter worth approximately $25,000. Retirement Group LLC bought a new position in Mondelez International in the fourth quarter worth $25,000. Carmel Capital Partners LLC bought a new position in shares of Mondelez International during the third quarter valued at $28,000. First Command Advisory Services Inc. bought a new position in shares of Mondelez International during the third quarter valued at $29,000. Finally, DHJJ Financial Advisors Ltd. bought a new stake in Mondelez International in the 3rd quarter worth about $34,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.11 during trading hours on Tuesday, reaching $65.98. The stock had a trading volume of 8,581,246 shares, compared to its average volume of 7,579,947. The stock has a market capitalization of $88.84 billion, a PE ratio of 18.18, a PEG ratio of 2.32 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The company has a 50 day moving average price of $71.02 and a two-hundred day moving average price of $70.50. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International's dividend payout ratio (DPR) is currently 46.83%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MDLZ. Stifel Nicolaus boosted their price target on Mondelez International from $78.00 to $81.00 and gave the company a "buy" rating in a research note 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, April 11th. Barclays lowered their price objective on Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Mondelez International from $82.00 to $76.00 and set an "overweight" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $80.89.

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.