Universal Beteiligungs und Servicegesellschaft mbH Sells 247,175 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,495,075 shares of the company's stock after selling 247,175 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Mondelez International worth $101,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kingswood Wealth Advisors LLC raised its stake in Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after acquiring an additional 1,013 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Mondelez International by 23.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after buying an additional 4,002 shares during the last quarter. CORDA Investment Management LLC. lifted its position in shares of Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock worth $38,920,000 after purchasing an additional 8,456 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Mondelez International by 1.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after purchasing an additional 208,181 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

MDLZ traded up $0.11 on Friday, hitting $70.29. The company's stock had a trading volume of 1,608,059 shares, compared to its average volume of 8,997,683. The company's 50 day simple moving average is $67.53 and its 200-day simple moving average is $64.84. The firm has a market cap of $91.01 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 5.28 and a beta of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61.

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 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 analysts' expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MDLZ. JPMorgan Chase & Co. boosted their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. 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 note on Wednesday, April 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $70.72.

Mondelez International 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.