Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,671 shares of the company’s stock after selling 270 shares during the quarter. Fulton Bank N.A.’s holdings in Mondelez International were worth $317,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $27,000. Transce3nd LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MDLZ shares. Piper Sandler upped their target price on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Wells Fargo & Company upped their target price on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Evercore ISI boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Finally, UBS Group boosted their price target on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.55.

Mondelez International Stock Down 0.4%

NASDAQ MDLZ opened at $66.37 on Friday. The business has a fifty day moving average price of $66.46 and a 200 day moving average price of $63.38. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market cap of $85.94 billion, a P/E ratio of 19.41, a P/E/G ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business 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 company earned $0.93 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 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.