Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,008 shares of the company's stock after selling 7,762 shares during the period. Martingale Asset Management L P's holdings in Mondelez International were worth $837,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. ICICI Prudential Asset Management Co Ltd lifted its position in shares of Mondelez International by 430.0% during the 4th 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 grew its holdings in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. increased its position in shares of Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after purchasing an additional 18,961 shares in the last quarter. Legacy Private Trust Co. increased its position in shares of Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after purchasing an additional 957 shares in the last quarter. Finally, Kennedy Investment Group purchased a new stake in shares of Mondelez International in the 4th quarter valued at about $313,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.3 %

Shares of NASDAQ MDLZ traded up $0.84 during trading on Friday, hitting $67.32. 10,777,611 shares of the company traded hands, compared to its average volume of 8,030,557. The firm has a market capitalization of $87.08 billion, a P/E ratio of 19.68, a P/E/G 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. The company has a 50-day moving average price of $65.11 and a 200-day moving average price of $64.06. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

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

Mondelez International Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Morgan Stanley began coverage on shares of Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 price objective for the company. 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 research report on Friday, April 11th. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $70.80.

Mondelez International 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.