Jacobs & Co. CA Sells 3,980 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Jacobs & Co. CA trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,971 shares of the company's stock after selling 3,980 shares during the quarter. Jacobs & Co. CA's holdings in Mondelez International were worth $8,072,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MDLZ. Norges Bank bought a new position in shares of Mondelez International during the fourth quarter worth approximately $1,118,755,000. Capital Research Global Investors increased its holdings in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. bought a new position in Mondelez International during the 4th quarter worth $256,832,000. Van ECK Associates Corp increased its stake in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the period. Finally, Deutsche Bank AG increased its stake in Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the period. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent research reports. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Barclays raised their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Piper Sandler raised their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Finally, Mizuho raised their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Price Performance

MDLZ stock traded up $0.14 during midday trading on Friday, reaching $67.61. 12,140,762 shares of the stock were exchanged, compared to its average volume of 8,044,275. The stock has a market capitalization of $87.54 billion, a PE ratio of 19.77, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a fifty day moving average price of $66.50 and a 200 day moving average price of $63.33. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

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 the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International's dividend payout ratio (DPR) is presently 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.