Kayne Anderson Rudnick Investment Management LLC Sells 9,430 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Kayne Anderson Rudnick Investment Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 26.3% in the fourth quarter, HoldingsChannel.com reports. The fund 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 reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Marshall Investment Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $31,000. McClarren Financial Advisors Inc. bought a new position in Mondelez International in the 4th quarter worth approximately $32,000. Finally, Sierra Ocean LLC acquired a new position in Mondelez International during the 4th quarter worth $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MDLZ. Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Wells Fargo & Company raised their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $70.80.

Mondelez International Trading Up 0.8 %

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

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. Mondelez International’s payout ratio is presently 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.