Fifth Third Bancorp Sells 32,879 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fifth Third Bancorp lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,806 shares of the company's stock after selling 32,879 shares during the quarter. Fifth Third Bancorp's holdings in Mondelez International were worth $23,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Investment Management LLC bought a new position in Mondelez International during the 4th quarter valued at about $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International in the fourth quarter worth approximately $32,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MDLZ shares. Morgan Stanley boosted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. UBS Group increased their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $70.11.

Mondelez International Price Performance

MDLZ stock traded down $1.19 during mid-day trading on Friday, hitting $66.93. The company had a trading volume of 6,528,752 shares, compared to its average volume of 8,045,816. The company has a 50-day moving average price of $66.50 and a 200 day moving average price of $63.47. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market capitalization of $86.66 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $9.37 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share 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 given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.81%. Mondelez International's dividend payout ratio is currently 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.