Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Fmr LLC

FMR LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,634,453 shares of the company's stock after selling 1,621,204 shares during the period. FMR LLC owned 1.24% of Mondelez International worth $993,576,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter valued at $31,000. Sierra Ocean LLC purchased a new position in shares of Mondelez International during the fourth quarter worth about $32,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday. Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Royal Bank of Canada decreased their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, Piper Sandler boosted their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.50.

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Mondelez International Price Performance

MDLZ traded up $1.07 on Friday, hitting $67.05. 8,840,632 shares of the company were exchanged, compared to its average volume of 8,046,489. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week 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 firm has a market capitalization of $86.73 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The business's fifty day moving average is $64.38 and its 200 day moving average is $64.18.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

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.