Price T Rowe Associates Inc. MD Sells 2,753,950 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Price T Rowe Associates Inc. MD reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,261,920 shares of the company's stock after selling 2,753,950 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.14% of Mondelez International worth $911,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ICICI Prudential Asset Management Co Ltd grew 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 period. Czech National Bank grew its holdings 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 period. Buckingham Capital Management Inc. raised its position in shares of Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after acquiring an additional 18,961 shares during the last quarter. Legacy Private Trust Co. lifted its stake in shares of Mondelez International by 33.2% in the 4th 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 during the period. Finally, Kennedy Investment Group bought a new position in shares of Mondelez International in the 4th quarter worth $313,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. 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. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average price target of $69.70.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.49 during midday trading on Monday, hitting $65.10. 6,658,747 shares of the company's stock were exchanged, compared to its average volume of 7,909,423. 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 firm has a market capitalization of $84.21 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company's 50 day moving average price is $65.85 and its 200 day moving average price is $63.76.

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

Mondelez International Dividend Announcement

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