FIL Ltd cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.0% during the first quarter, Holdings Channel reports. The firm owned 231,312 shares of the company’s stock after selling 17,500 shares during the period. FIL Ltd’s holdings in Mondelez International were worth $9,965,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Adirondack Trust Co. increased its position in Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares during the period. Assetmark Inc. increased its position in Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the period. Financial Architects Inc increased its position in Mondelez International by 2.6% in the first quarter. Financial Architects Inc now owns 3,752 shares of the company’s stock valued at $162,000 after buying an additional 95 shares during the period. Parkside Financial Bank & Trust increased its position in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the period. Finally, Exane Derivatives increased its position in Mondelez International by 1,509.1% in the first quarter. Exane Derivatives now owns 3,894 shares of the company’s stock valued at $168,000 after buying an additional 3,652 shares during the period. 76.55% of the stock is owned by institutional investors.

Mondelez International, Inc. (MDLZ) opened at 43.84 on Tuesday. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The firm has a 50-day moving average of $44.09 and a 200 day moving average of $44.53. The company has a market capitalization of $66.59 billion, a P/E ratio of 38.56 and a beta of 1.19. Mondelez International also was the recipient of unusually large options trading activity on Monday. Stock investors acquired 9,831 put options on the company. This represents an increase of approximately 186% compared to the typical volume of 3,438 put options.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. Mondelez International’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. Mondelez International’s dividend payout ratio is currently 66.67%.

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Several research analysts recently commented on MDLZ shares. TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. UBS AG reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Thursday, July 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a report on Tuesday, June 13th. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $51.00 in a report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Mondelez International in a report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.33.

In related news, EVP Robin S. Hargrove sold 6,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the completion of the transaction, the executive vice president now owns 14,663 shares in the company, valued at $657,928.81. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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