Mariner LLC Sells 27,334 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mariner LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 773,979 shares of the company's stock after selling 27,334 shares during the period. Mariner LLC owned 0.06% of Mondelez International worth $46,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd boosted its holdings in Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after buying an additional 74,975 shares during the last quarter. Czech National Bank boosted its stake in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. grew its holdings in Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after purchasing an additional 18,961 shares during the period. Legacy Private Trust Co. increased its stake in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after purchasing an additional 957 shares in the last quarter. Finally, Kennedy Investment Group acquired a new stake in Mondelez International in the fourth quarter worth $313,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 1.3 %

MDLZ stock traded up $0.84 during midday trading on Friday, hitting $67.32. The stock had a trading volume of 10,777,611 shares, compared to its average volume of 8,027,896. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average price of $65.25 and a two-hundred day moving average price of $64.02. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a market cap of $87.08 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research analyst reports. The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. UBS Group raised their price target on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $70.80.

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.