Trust Point Inc. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,211 shares of the company's stock after selling 5,532 shares during the quarter. Trust Point Inc.'s holdings in Mondelez International were worth $625,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in MDLZ. Norges Bank bought a new stake in Mondelez International during the 4th quarter valued at $1,118,755,000. Capital Research Global Investors raised its position 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. acquired a new position in Mondelez International during the fourth quarter valued at $256,832,000. Vaughan Nelson Investment Management L.P. acquired a new position in Mondelez International during the first quarter valued at $189,930,000. Finally, Deutsche Bank AG grew its stake in Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.
Mondelez International Price Performance
Shares of MDLZ remained flat at $66.35 during midday trading on Wednesday. The company's stock had a trading volume of 7,003,125 shares, compared to its average volume of 8,068,521. The firm has a fifty day moving average of $66.63 and a 200 day moving average of $63.50. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market capitalization of $85.91 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 5.14 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.
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 (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.
Analyst Ratings Changes
Several analysts have recently issued reports on MDLZ shares. Stifel Nicolaus upped their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. UBS Group increased their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. raised their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $70.11.
Read Our Latest Research Report on MDLZ
About Mondelez International
(
Free Report)
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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