Adage Capital Partners GP L.L.C. Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Adage Capital Partners GP L.L.C. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 997,897 shares of the company's stock after selling 261,200 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.07% of Mondelez International worth $59,604,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Coppell Advisory Solutions LLC boosted its holdings in Mondelez International by 66.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock worth $32,000 after buying an additional 216 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Mondelez International by 6.2% during the 4th quarter. MGO One Seven LLC now owns 15,695 shares of the company's stock worth $937,000 after acquiring an additional 919 shares in the last quarter. Alta Advisers Ltd grew its position in shares of Mondelez International by 22.3% during the 4th quarter. Alta Advisers Ltd now owns 4,403 shares of the company's stock valued at $263,000 after acquiring an additional 803 shares during the period. Fayez Sarofim & Co increased its stake in shares of Mondelez International by 19.5% in the 4th quarter. Fayez Sarofim & Co now owns 4,519,695 shares of the company's stock valued at $269,961,000 after purchasing an additional 736,897 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Mondelez International by 3.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 21,070 shares of the company's stock valued at $1,259,000 after purchasing an additional 654 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on MDLZ. Mizuho raised their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. UBS Group lifted their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Barclays reduced their target price on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday. Finally, Morgan Stanley assumed coverage on shares of Mondelez International in a report on Monday, March 24th. They set an "overweight" rating and a $69.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus price target of $69.70.

Mondelez International Trading Down 0.7 %

MDLZ traded down $0.49 during mid-day trading on Monday, hitting $65.10. 6,660,775 shares of the stock were exchanged, compared to its average volume of 10,482,120. The firm's fifty day moving average is $65.85 and its two-hundred day moving average is $63.76. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market cap of $84.21 billion, a PE ratio of 19.04, a PEG ratio of 4.34 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.48 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 earnings per share (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%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.89%. Mondelez International's dividend payout ratio (DPR) is 54.97%.

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.