Mondelez International, Inc. (NASDAQ:MDLZ) Stake Cut by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 26.3% 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 26,389 shares of the company's stock after selling 9,430 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Mondelez International were worth $1,576,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Marshall Investment Management LLC acquired a new position in Mondelez International in the 4th quarter worth about $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter worth approximately $31,000. McClarren Financial Advisors Inc. bought a new position in Mondelez International during the fourth quarter valued at approximately $32,000. Finally, Sierra Ocean LLC bought a new position in shares of Mondelez International during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Royal Bank of Canada lowered their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Finally, DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a report on Friday, February 7th. One equities research 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.80.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $68.29 on Wednesday. The company has a market capitalization of $88.33 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 4.34 and a beta of 0.47. The company has a 50-day moving average of $65.54 and a 200-day moving average of $63.91. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Monday, March 31st. 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.

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