Commerzbank Aktiengesellschaft FI Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Commerzbank Aktiengesellschaft FI raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 997,068 shares of the company's stock after buying an additional 38,502 shares during the period. Mondelez International comprises about 1.6% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 24th largest position. Commerzbank Aktiengesellschaft FI owned approximately 0.08% of Mondelez International worth $67,651,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of 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 purchasing an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after purchasing an additional 975,929 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $1,118,755,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $78.00 in a report on Thursday. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Evercore ISI raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $71.63.

Mondelez International Price Performance

Mondelez International stock traded up $2.33 during mid-day trading on Thursday, hitting $69.80. 9,139,327 shares of the company traded hands, compared to its average volume of 8,076,673. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market cap of $90.38 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 5.23 and a beta of 0.48. 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 has a fifty day moving average price of $66.98 and a 200-day moving average price of $64.40.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.69%. Mondelez International's payout ratio is presently 69.89%.

Mondelez International 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.