Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Comerica Bank

Comerica Bank cut its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 531,343 shares of the company's stock after selling 29,451 shares during the period. Comerica Bank's holdings in Mondelez International were worth $31,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC purchased a new position in Mondelez International in the fourth quarter valued at $26,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $27,000. Transce3nd LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Mondelez International stock traded down $0.46 during trading hours on Tuesday, reaching $67.35. 1,016,809 shares of the stock were exchanged, compared to its average volume of 7,885,347. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market cap of $87.11 billion, a P/E ratio of 19.68, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm's 50 day moving average is $66.23 and its 200 day moving average is $63.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. Analysts predict 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 was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, March 31st. Mondelez International's payout ratio is 69.89%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent analyst reports. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Piper Sandler upped their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Company Profile

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.