CX Institutional Sells 33,487 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CX Institutional lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,605 shares of the company's stock after selling 33,487 shares during the quarter. CX Institutional's holdings in Mondelez International were worth $3,501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MDLZ. Norges Bank purchased a new position in shares of Mondelez International in the fourth quarter valued at $1,118,755,000. Capital Research Global Investors boosted its stake 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 period. Raymond James Financial Inc. purchased a new position in shares of Mondelez International in the fourth quarter valued at $256,832,000. Van ECK Associates Corp boosted its stake in shares of Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after purchasing an additional 3,282,937 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $1.17 during trading hours on Thursday, hitting $68.12. 6,144,115 shares of the company's stock traded hands, compared to its average volume of 8,048,496. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company's fifty day simple moving average is $66.44 and its two-hundred day simple moving average is $63.45. The company has a market cap of $88.20 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Piper Sandler increased their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Finally, Evercore ISI increased their target price 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.11.

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.