KBC Group NV Has $50.49 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

KBC Group NV cut its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 744,189 shares of the company's stock after selling 76,478 shares during the quarter. KBC Group NV owned 0.06% of Mondelez International worth $50,493,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Mondelez International during the fourth quarter worth about $1,118,755,000. Capital Research Global Investors grew its stake in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Raymond James Financial Inc. acquired a new stake in Mondelez International in the fourth quarter valued at approximately $256,832,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Mondelez International during the first quarter valued at approximately $189,930,000. Finally, Deutsche Bank AG boosted its position in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after buying an additional 2,002,640 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Stifel Nicolaus boosted 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. Evercore ISI boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Morgan Stanley boosted their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Trading Up 0.0%

NASDAQ MDLZ opened at $67.78 on Monday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $66.73 and a 200-day moving average of $63.75. The firm has a market cap of $87.76 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 5.25 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share 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 during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the company posted $0.93 EPS. Mondelez International's revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 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.

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