Mondelez International, Inc. (NASDAQ:MDLZ) Stake Cut by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,418,954 shares of the company's stock after selling 2,382,505 shares during the quarter. First Trust Advisors LP owned approximately 0.11% of Mondelez International worth $84,754,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MDLZ. Diamant Asset Management Inc. increased its position in Mondelez International by 27.6% during the third quarter. Diamant Asset Management Inc. now owns 3,978 shares of the company's stock worth $293,000 after buying an additional 860 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Mondelez International by 13.6% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,088 shares of the company's stock worth $1,042,000 after acquiring an additional 1,686 shares in the last quarter. Arvest Bank Trust Division bought a new stake in shares of Mondelez International during the 3rd quarter worth about $14,578,000. Wilmington Savings Fund Society FSB increased its holdings in shares of Mondelez International by 489.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 104,764 shares of the company's stock valued at $7,718,000 after acquiring an additional 86,981 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Mondelez International by 6.5% in the 3rd quarter. Tidal Investments LLC now owns 97,883 shares of the company's stock valued at $7,211,000 after acquiring an additional 5,944 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $67.76 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm's fifty day moving average price is $65.40 and its two-hundred day moving average price is $63.88. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market cap of $87.65 billion, a P/E ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its 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%. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Analysts Set New Price Targets

Several brokerages have commented on MDLZ. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and lowered their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Barclays lowered their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Citigroup cut their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Finally, UBS Group raised their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.80.

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.

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