Siemens Fonds Invest GmbH Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Siemens Fonds Invest GmbH decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 55.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,571 shares of the company's stock after selling 31,714 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Mondelez International were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the period. Capital Research Global Investors increased its stake in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the period. Geode Capital Management LLC increased its stake in shares of Mondelez International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after purchasing an additional 975,929 shares during the last quarter. Finally, Norges Bank acquired a new position in Mondelez International in the 4th quarter valued at $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research reports. UBS Group increased their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Piper Sandler lifted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Barclays upped their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Trading Up 0.2%

NASDAQ MDLZ traded up $0.14 during trading hours on Friday, reaching $67.61. The company's stock had a trading volume of 12,140,762 shares, compared to its average volume of 8,044,273. The firm has a fifty day simple moving average of $66.44 and a 200-day simple moving average of $63.32. The stock has a market cap of $87.54 billion, a P/E ratio of 19.77, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. 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 business posted $0.93 EPS. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is 69.89%.

Mondelez International Company 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.