Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Lessened by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,458,014 shares of the company's stock after selling 87,806 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.19% of Mondelez International worth $164,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Amundi lifted its position in shares of Mondelez International by 20.1% during the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after buying an additional 478,225 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Mondelez International by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock worth $27,343,000 after acquiring an additional 4,121 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after acquiring an additional 8,544 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after acquiring an additional 4,002 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Down 0.6%

Shares of NASDAQ MDLZ traded down $0.39 on Friday, reaching $66.76. 2,436,713 shares of the company traded hands, compared to its average volume of 8,084,722. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market capitalization of $86.44 billion, a PE ratio of 24.82, a P/E/G ratio of 5.18 and a beta of 0.48. The company has a 50 day moving average of $67.00 and a 200 day moving average of $64.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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 firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. Mondelez International's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Piper Sandler raised their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Barclays raised their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen 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 a consensus price target of $70.63.

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.