First American Bank Sells 5,460 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First American Bank cut its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,698 shares of the company's stock after selling 5,460 shares during the quarter. First American Bank's holdings in Mondelez International were worth $5,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Norges Bank bought a new position in Mondelez International during the fourth quarter worth $1,118,755,000. Capital Research Global Investors boosted its position in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. bought a new position in Mondelez International during the fourth quarter worth $256,832,000. Vaughan Nelson Investment Management L.P. bought a new position in Mondelez International during the first quarter worth $189,930,000. Finally, Deutsche Bank AG boosted its position in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares during the period. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MDLZ. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $78.00 in a research report on Friday. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. UBS Group increased their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Evercore ISI increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Stock Up 3.0%

NASDAQ:MDLZ opened at $68.31 on Friday. The firm's 50 day simple moving average is $66.66 and its 200 day simple moving average is $63.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market cap of $88.45 billion, a PE ratio of 25.39, a P/E/G ratio of 5.14 and a beta of 0.48.

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

Mondelez International Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.75%. Mondelez International's payout ratio is 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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