Flossbach Von Storch SE Sells 23,450 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Flossbach Von Storch SE lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 170,434 shares of the company's stock after selling 23,450 shares during the period. Flossbach Von Storch SE's holdings in Mondelez International were worth $11,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after acquiring an additional 931,776 shares during the last quarter. Capital Research Global Investors grew its stake 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 worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Geode Capital Management LLC grew its position in Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after buying an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after acquiring an additional 975,929 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International in the 4th quarter valued at about $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Down 2.0%

Shares of Mondelez International stock traded down $1.34 during trading on Wednesday, hitting $66.85. The company's stock had a trading volume of 11,437,536 shares, compared to its average volume of 8,095,074. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $86.56 billion, a PE ratio of 24.85, a P/E/G ratio of 5.33 and a beta of 0.48. The company has a fifty day simple moving average of $67.04 and a two-hundred day simple 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 business's revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.93 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Analysts Set New Price Targets

A number of research firms have commented on MDLZ. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $68.00 to $78.00 in a report on Friday, June 20th. Morgan Stanley boosted their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, Barclays upped their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

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.