Invesco LLC Lowers Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Invesco LLC trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 49.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,280 shares of the company's stock after selling 9,962 shares during the quarter. Invesco LLC's holdings in Mondelez International were worth $698,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Mondelez International in the 4th quarter valued at $1,118,755,000. Capital Research Global Investors raised its holdings in shares of Mondelez International by 13.9% in 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 last quarter. Raymond James Financial Inc. acquired a new position in Mondelez International during the 4th quarter valued at about $256,832,000. Vaughan Nelson Investment Management L.P. bought a new stake in Mondelez International during the 1st quarter worth approximately $189,930,000. Finally, Deutsche Bank AG raised its stake in shares of Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. Stifel Nicolaus upped their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Morgan Stanley upped their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Finally, Piper Sandler boosted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Trading Down 0.1%

Shares of MDLZ traded down $0.07 during trading hours on Tuesday, hitting $68.43. The company had a trading volume of 6,345,636 shares, compared to its average volume of 8,062,091. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock's 50 day moving average price is $66.66 and its 200 day moving average price is $63.59. The firm has a market cap of $88.60 billion, a P/E ratio of 25.44, a P/E/G ratio of 5.29 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (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 company 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 business earned $0.93 EPS. Mondelez International's revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders 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 dividend yield of 2.75%. The ex-dividend date of this dividend 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.