Sand Hill Global Advisors LLC Sells 3,958 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sand Hill Global Advisors LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,695 shares of the company's stock after selling 3,958 shares during the quarter. Sand Hill Global Advisors LLC's holdings in Mondelez International were worth $5,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC raised its position in shares of Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after purchasing an additional 181 shares during the period. Traphagen Investment Advisors LLC increased its holdings in Mondelez International by 0.8% in the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock valued at $1,411,000 after purchasing an additional 187 shares during the last quarter. Core Alternative Capital lifted its stake in Mondelez International by 1.7% in the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after buying an additional 187 shares during the period. Finally, Waldron Private Wealth LLC boosted its holdings in Mondelez International by 1.0% during the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock worth $1,164,000 after buying an additional 191 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.50.

Mondelez International Stock Up 1.6 %

Shares of MDLZ stock traded up $1.07 during trading on Friday, reaching $67.05. The company's stock had a trading volume of 8,840,632 shares, compared to its average volume of 8,048,940. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a fifty day moving average price of $64.38 and a 200-day moving average price of $64.10. The company has a market cap of $86.73 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.80%. Mondelez International's dividend payout ratio is 54.97%.

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.