Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Norway Savings Bank

Norway Savings Bank lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,028 shares of the company’s stock after selling 3,638 shares during the period. Norway Savings Bank’s holdings in Mondelez International were worth $1,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $30,000. Transce3nd LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $31,000. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of Mondelez International by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company’s stock valued at $32,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their price target 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. Piper Sandler increased their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 9th. Finally, Evercore ISI increased their price target 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.63.

Mondelez International Price Performance

NASDAQ MDLZ opened at $68.31 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock’s 50-day moving average is $66.66 and its two-hundred day moving average is $63.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The firm has a market cap of $88.45 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 5.14 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the business earned $0.93 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share 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. Stockholders 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 2.75%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio is 69.89%.

About Mondelez International

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.