OVERSEA CHINESE BANKING Corp Ltd Sells 5,634 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

OVERSEA CHINESE BANKING Corp Ltd decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 64.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,056 shares of the company's stock after selling 5,634 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Mondelez International were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MDLZ. Brighton Jones LLC increased its stake in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of Mondelez International by 19.8% in the 4th quarter. Harbour Investments Inc. now owns 8,739 shares of the company's stock valued at $522,000 after purchasing an additional 1,443 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in shares of Mondelez International by 3.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 77,304 shares of the company's stock valued at $4,617,000 after purchasing an additional 2,815 shares during the last quarter. Finally, PDS Planning Inc lifted its stake in shares of Mondelez International by 14.0% in the 4th quarter. PDS Planning Inc now owns 5,315 shares of the company's stock valued at $317,000 after purchasing an additional 651 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MDLZ. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Evercore ISI raised 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. Piper Sandler raised their price objective on Mondelez International from $59.00 to $64.00 and gave the company 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 objective on shares of Mondelez International in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $70.72.

Mondelez International Stock Up 0.0%

Shares of MDLZ stock traded up $0.01 during mid-day trading on Friday, hitting $69.81. The stock had a trading volume of 10,412,032 shares, compared to its average volume of 8,085,978. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market capitalization of $90.39 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 5.23 and a beta of 0.48. The firm's 50-day moving average is $67.03 and its two-hundred day moving average is $64.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the business earned $0.93 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Monday, June 30th. Mondelez International's 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.