First Interstate Bank Has $4.49 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

First Interstate Bank lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 66,105 shares of the company's stock after selling 3,701 shares during the period. First Interstate Bank's holdings in Mondelez International were worth $4,485,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Mondelez International during the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors boosted its holdings in shares of Mondelez International by 13.9% during the 4th 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 last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Mondelez International during the 1st quarter valued at about $189,930,000. Deutsche Bank AG boosted its holdings in shares of Mondelez International by 17.1% during the 4th 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 last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mondelez International during the 4th quarter valued at about $104,065,000. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Evercore ISI raised 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. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley raised their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Up 0.7%

MDLZ stock traded up $0.48 during trading hours on Thursday, hitting $67.33. The company's stock had a trading volume of 4,161,440 shares, compared to its average volume of 8,089,769. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $87.17 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 5.29 and a beta of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a 50 day moving average price of $67.01 and a two-hundred day moving average price of $64.14.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the firm earned $0.93 EPS. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.79%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is presently 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.