Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,674 shares of the company’s stock after selling 1,173 shares during the period. Washington Trust Advisors Inc.’s holdings in Mondelez International were worth $339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in Mondelez International during the first quarter valued at $100,000. United Bank raised its position in shares of Mondelez International by 4.6% during the 1st quarter. United Bank now owns 27,006 shares of the company’s stock worth $1,695,000 after purchasing an additional 1,189 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Mondelez International by 4.0% in the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,085 shares during the last quarter. Dakota Wealth Management acquired a new position in Mondelez International during the 1st quarter valued at approximately $561,000. Finally, Covestor Ltd increased its position in Mondelez International by 69.0% in the first quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after buying an additional 518 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 down $0.07 during midday trading on Thursday, hitting $70.03. 4,287,626 shares of the company were exchanged, compared to its average volume of 7,176,126. The firm has a 50 day simple moving average of $73.03 and a 200-day simple moving average of $70.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The firm has a market cap of $95.30 billion, a P/E ratio of 19.31, a PEG ratio of 2.38 and a beta of 0.57. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Research analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.425 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.43%. Mondelez International’s payout ratio is 46.83%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup started coverage on shares of Mondelez International in a research report on Thursday, February 1st. They set a “buy” rating and a $87.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. DA Davidson initiated coverage on Mondelez International in a research report on Friday, December 8th. They set a “buy” rating and a $83.00 price objective for the company. Finally, Barclays increased their price target on Mondelez International from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.37.

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.