Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Iowa State Bank

Iowa State Bank reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,242 shares of the company’s stock after selling 455 shares during the period. Iowa State Bank’s holdings in Mondelez International were worth $2,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $27,000. Transce3nd LLC purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $31,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Mondelez International stock opened at $67.61 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market capitalization of $87.54 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth 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. The firm’s fifty day moving average price is $66.50 and its 200 day moving average price is $63.31.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results 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. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.78%. Mondelez International’s dividend payout ratio is presently 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of analyst reports. Mizuho increased their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Finally, Morgan Stanley boosted 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

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.