First Interstate Bank Sells 3,701 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Interstate Bank reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,105 shares of the company's stock after selling 3,701 shares during the quarter. First Interstate Bank's holdings in Mondelez International were worth $4,485,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Axxcess Wealth Management LLC lifted its position in Mondelez International by 13.0% during the 1st quarter. Axxcess Wealth Management LLC now owns 48,368 shares of the company's stock worth $3,282,000 after acquiring an additional 5,551 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of Mondelez International by 70.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 884 shares of the company's stock valued at $60,000 after acquiring an additional 365 shares during the period. CORDA Investment Management LLC. grew its holdings in Mondelez International by 1.5% in the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock valued at $38,920,000 after purchasing an additional 8,456 shares during the last quarter. Graver Capital Management LLC acquired a new position in Mondelez International during the first quarter worth about $225,000. Finally, Personal CFO Solutions LLC grew its holdings in Mondelez International by 10.0% during the 1st quarter. Personal CFO Solutions LLC now owns 6,563 shares of the company's stock valued at $445,000 after buying an additional 599 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Piper Sandler upped their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, UBS Group increased their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Up 0.0%

NASDAQ:MDLZ traded up $0.03 during trading hours on Friday, hitting $67.18. 6,171,071 shares of the company's stock traded hands, compared to its average volume of 8,099,000. The firm has a market cap of $86.99 billion, a P/E ratio of 24.97, a P/E/G ratio of 5.18 and a beta of 0.48. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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's fifty day moving average price is $67.00 and its two-hundred day moving average price is $64.20.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is presently 69.89%.

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.