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

Siemens Fonds Invest GmbH cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm 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 SEC.

Other hedge funds also recently modified their holdings of the company. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $27,000. Transce3nd LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.14 during trading hours on Friday, hitting $67.61. The stock had a trading volume of 12,140,762 shares, compared to its average volume of 8,044,545. The company has a 50 day simple moving average of $66.50 and a two-hundred day simple moving average of $63.30. The firm has a market capitalization of $87.54 billion, a price-to-earnings 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. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. Research 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. Stockholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MDLZ. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and raised their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $70.55.

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.