Ardevora Asset Management LLP Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Ardevora Asset Management LLP lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,895 shares of the company's stock after selling 202,275 shares during the period. Mondelez International makes up about 1.5% of Ardevora Asset Management LLP's portfolio, making the stock its 17th biggest holding. Ardevora Asset Management LLP's holdings in Mondelez International were worth $16,506,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Tyler Stone Wealth Management purchased a new stake in shares of Mondelez International during the 2nd quarter valued at $25,000. Retirement Group LLC purchased a new position in Mondelez International in the 4th quarter worth $25,000. Carmel Capital Partners LLC purchased a new position in Mondelez International in the 3rd quarter worth $28,000. First Command Advisory Services Inc. purchased a new position in Mondelez International in the 3rd quarter worth $29,000. Finally, Orion Capital Management LLC purchased a new position in Mondelez International in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $0.94 during trading on Friday, reaching $68.11. 11,020,832 shares of the company's stock traded hands, compared to its average volume of 8,325,037. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The firm has a market cap of $91.71 billion, a PE ratio of 18.76, a P/E/G ratio of 2.37 and a beta of 0.56. The company has a 50-day simple moving average of $70.60 and a 200-day simple moving average of $70.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $9.31 billion. During the same period in the previous year, the firm posted $0.73 EPS. Mondelez International's revenue was up 7.1% compared to the same quarter last year. As a group, analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed 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 2.50%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International's payout ratio is 46.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft raised their target price on Mondelez International from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. StockNews.com lowered Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their price target on Mondelez International from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Citigroup cut their price target 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. Finally, Barclays cut their price target on Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $80.89.

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.