Flossbach Von Storch SE reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.1% during the 1st 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 quarter. Flossbach Von Storch SE's holdings in Mondelez International were worth $11,564,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at approximately $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Stifel Nicolaus lifted 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. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and raised their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Morgan Stanley raised their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.63.
Check Out Our Latest Stock Report on MDLZ
Mondelez International Price Performance
Shares of NASDAQ MDLZ traded up $0.03 during trading on Friday, reaching $67.18. The company had a trading volume of 6,171,071 shares, compared to its average volume of 8,099,000. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market capitalization of $86.99 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 5.18 and a beta of 0.48. The stock has a 50-day moving average price of $67.00 and a two-hundred day moving average price of $64.20. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.
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 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 company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.80%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.
About Mondelez International
(
Free Report)
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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