Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Decreased by Truist Financial Corp

Truist Financial Corp trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762,100 shares of the company's stock after selling 54,782 shares during the period. Truist Financial Corp owned about 0.06% of Mondelez International worth $51,709,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MDLZ. Norges Bank purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors increased its stake in shares of Mondelez International by 13.9% during the 4th 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 in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Mondelez International during the 1st quarter worth approximately $189,930,000. Deutsche Bank AG increased its stake in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $104,065,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. JPMorgan Chase & Co. raised their target price 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, UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Stock Down 0.8%

Shares of NASDAQ:MDLZ traded down $0.55 during midday trading on Friday, hitting $69.02. 3,342,865 shares of the company's stock traded hands, compared to its average volume of 8,088,438. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market cap of $89.36 billion, a PE ratio of 25.66, a P/E/G ratio of 5.35 and a beta of 0.48. The firm's fifty day moving average price is $66.91 and its two-hundred day moving average price is $64.00. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors 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 yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) 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.