First Interstate Bank Decreases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

First Interstate Bank cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 reporting period.

Other hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its stake in shares of Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after acquiring an additional 1,013 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Mondelez International by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock valued at $27,343,000 after purchasing an additional 4,121 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after buying an additional 4,002 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after buying an additional 208,181 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Barclays lifted their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Stifel Nicolaus lifted their price target 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. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the 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 Price Performance

Shares of MDLZ traded down $1.34 during mid-day trading on Wednesday, reaching $66.85. The stock had a trading volume of 11,437,536 shares, compared to its average volume of 8,105,894. The business has a fifty day moving average of $67.04 and a 200 day moving average of $64.12. 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 firm has a market cap of $86.56 billion, a price-to-earnings ratio of 21.05, a PEG 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the prior year, the business posted $0.93 EPS. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

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 issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

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.