Commerzbank Aktiengesellschaft FI Trims Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Commerzbank Aktiengesellschaft FI has reduced its holdings in Mondelez International, Inc. by 54.9% during Q2, now owning 449,897 shares valued at approximately $30.34 million.
• Mondelez International recently declared a quarterly dividend of $0.50 per share, reflecting an increase from the previous $0.47, with a current dividend yield of 3.3%.
• Analysts have recently upgraded Mondelez International's stock ratings, with targets increasing to as high as $88.00, indicating a consensus rating of "Moderate Buy."

Commerzbank Aktiengesellschaft FI trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 54.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,897 shares of the company's stock after selling 547,171 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Mondelez International were worth $30,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the first quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International during the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the period. North Capital Inc. bought a new stake in shares of Mondelez International during the first quarter valued at about $31,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International during the first quarter valued at about $36,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Mondelez International stock opened at $61.00 on Friday. The stock has a market cap of $78.93 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 4.67 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The firm's fifty day moving average price is $62.33 and its 200-day moving average price is $65.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $7.30 billion for the quarter. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is 73.26%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent 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 company from $66.00 to $78.00 in a research note on Thursday, July 17th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Stifel Nicolaus raised their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Mondelez International in a research report on Saturday, September 27th. Finally, Sanford C. Bernstein increased their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.55.

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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