Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,375 shares of the company’s stock after selling 574 shares during the period. Independence Bank of Kentucky’s holdings in Mondelez International were worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. ICICI Prudential Asset Management Co Ltd raised its position in shares of Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock valued at $5,520,000 after buying an additional 74,975 shares during the last quarter. Buckingham Capital Management Inc. raised its position in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after buying an additional 18,961 shares during the last quarter. Rhumbline Advisers raised its position in shares of Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock valued at $163,787,000 after buying an additional 37,897 shares during the last quarter. Amundi raised its position in shares of Mondelez International by 20.1% in the fourth quarter. Amundi now owns 2,856,534 shares of the company’s stock valued at $166,507,000 after buying an additional 478,225 shares during the last quarter. Finally, Quilter Plc raised its position in shares of Mondelez International by 3.0% in the fourth quarter. Quilter Plc now owns 889,192 shares of the company’s stock valued at $53,111,000 after buying an additional 26,023 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.3%

NASDAQ MDLZ opened at $66.15 on Friday. The firm has a 50 day simple moving average of $66.43 and a 200-day simple moving average of $63.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market cap of $85.65 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, June 30th. Mondelez International’s payout ratio is 69.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MDLZ shares. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. DA Davidson cut shares of Mondelez International from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Finally, Evercore ISI raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $70.11.

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.