Bank of New York Mellon Corp Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bank of New York Mellon Corp cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,954,711 shares of the company's stock after selling 399,525 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.77% of Mondelez International worth $675,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors grew its position in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $189,930,000. Deutsche Bank AG grew its position in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $104,065,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Morgan Stanley boosted their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Finally, Barclays boosted their price objective on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Down 0.8%

MDLZ opened at $69.02 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The stock's fifty day moving average is $66.91 and its 200-day moving average is $64.00. The company has a market capitalization of $89.36 billion, a PE ratio of 25.66, a P/E/G ratio of 5.35 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is presently 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.

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