Sand Hill Global Advisors LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Sand Hill Global Advisors LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,695 shares of the company's stock after selling 3,958 shares during the period. Sand Hill Global Advisors LLC's holdings in Mondelez International were worth $5,596,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $1,118,755,000. Raymond James Financial Inc. purchased a new position in Mondelez International during the fourth quarter valued at $256,832,000. Van ECK Associates Corp lifted its position in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after buying an additional 3,282,937 shares during the period. Invesco Ltd. boosted its holdings in shares of Mondelez International by 13.6% during the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock valued at $741,224,000 after buying an additional 1,483,270 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in shares of Mondelez International by 331.9% in the 4th quarter. Bank of Nova Scotia now owns 1,394,430 shares of the company's stock worth $83,289,000 after buying an additional 1,071,596 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $1.07 on Friday, reaching $67.05. The company's stock had a trading volume of 8,840,632 shares, compared to its average volume of 8,046,489. 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 market capitalization of $86.73 billion, a P/E ratio of 19.61, a PEG ratio of 4.34 and a beta of 0.47. The stock has a 50-day moving average price of $64.38 and a 200-day moving average price of $64.18. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MDLZ shares. Barclays dropped their price objective 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. Piper Sandler boosted their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and lowered their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company increased their target price on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.50.

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.