Deutsche Bank AG Purchases 2,002,640 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Deutsche Bank AG lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,734,080 shares of the company's stock after buying an additional 2,002,640 shares during the period. Deutsche Bank AG owned about 1.03% of Mondelez International worth $820,337,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter valued at $27,000. Transce3nd LLC bought a new position in Mondelez International during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in Mondelez International in the 4th quarter valued at about $32,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MDLZ shares. Wells Fargo & Company increased their price objective on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. UBS Group lifted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a research report on Friday, February 7th. Finally, Piper Sandler increased their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Trading Down 1.3 %

Shares of Mondelez International stock traded down $0.85 on Friday, reaching $66.37. 5,135,787 shares of the company's stock were exchanged, compared to its average volume of 7,934,199. The firm's 50-day moving average is $66.41 and its two-hundred day moving average is $63.58. The company has a market capitalization of $85.94 billion, a P/E ratio of 19.41, a price-to-earnings-growth 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. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

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

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.83%. The ex-dividend date was Monday, March 31st. Mondelez International's payout ratio is currently 69.89%.

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.