Markston International LLC lowered its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 61,507 shares of the company’s stock after selling 1,730 shares during the quarter. Markston International LLC’s holdings in Mondelez International were worth $3,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Public Employees Retirement Association of Colorado increased its position in shares of Mondelez International by 8.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 273,419 shares of the company’s stock valued at $13,693,000 after purchasing an additional 21,716 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Mondelez International by 7.6% during the 1st quarter. Cetera Advisors LLC now owns 16,958 shares of the company’s stock valued at $849,000 after purchasing an additional 1,192 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Mondelez International by 2.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 137,166 shares of the company’s stock valued at $6,869,000 after purchasing an additional 3,601 shares during the last quarter. Citizens Financial Group Inc RI increased its position in shares of Mondelez International by 37.8% during the 1st quarter. Citizens Financial Group Inc RI now owns 13,790 shares of the company’s stock valued at $692,000 after purchasing an additional 3,786 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Mondelez International during the 1st quarter valued at approximately $5,990,000. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Peter W. May sold 233,136 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $55.50, for a total transaction of $12,939,048.00. Following the completion of the sale, the director now directly owns 12,727 shares in the company, valued at approximately $706,348.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Trian Fund Management, L.P. sold 1,160,827 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $55.56, for a total value of $64,495,548.12. Following the sale, the director now owns 12,727 shares of the company’s stock, valued at $707,112.12. The disclosure for this sale can be found here. Insiders have sold a total of 2,876,741 shares of company stock valued at $160,211,881 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on MDLZ. Sanford C. Bernstein restated a “buy” rating on shares of Mondelez International in a report on Tuesday, July 21st. Credit Suisse Group boosted their price objective on Mondelez International from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Deutsche Bank upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, July 16th. Berenberg Bank upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $52.00 to $61.00 in a report on Monday, June 15th. Finally, Barclays restated a “buy” rating and set a $62.00 price objective on shares of Mondelez International in a report on Thursday, July 30th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $62.24.

Shares of MDLZ stock traded down $0.56 during mid-day trading on Friday, hitting $56.65. The stock had a trading volume of 649,000 shares, compared to its average volume of 7,452,805. Mondelez International Inc has a 12-month low of $41.19 and a 12-month high of $59.96. The firm has a market capitalization of $81.72 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 3.31 and a beta of 0.61. The firm’s 50-day moving average is $56.97 and its two-hundred day moving average is $52.81. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.55 and a quick ratio of 0.36.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.92 billion. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Analysts expect that Mondelez International Inc will post 2.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.315 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, September 29th. Mondelez International’s dividend payout ratio is 46.15%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

Read More: Neutral Rating

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

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