Atlantic Union Bankshares Corp Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Atlantic Union Bankshares Corp lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,613 shares of the company's stock after selling 8,560 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Mondelez International were worth $3,570,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $1,118,755,000. Capital Research Global Investors lifted its holdings in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Mondelez International during the 1st quarter worth $189,930,000. Deutsche Bank AG grew its stake in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Mondelez International in the 4th quarter valued at about $104,065,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $78.00 in a report on Thursday. JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Piper Sandler upped their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $78.00 in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.72.

Mondelez International Trading Down 0.6%

Shares of MDLZ traded down $0.39 on Monday, hitting $69.42. 6,117,347 shares of the stock traded hands, compared to its average volume of 8,099,989. The firm has a market capitalization of $89.89 billion, a P/E ratio of 25.81, a P/E/G ratio of 5.26 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock's 50 day moving average is $67.10 and its two-hundred day moving average is $64.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business's revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

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.