First Interstate Bank Sells 3,439 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Interstate Bank decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,785 shares of the company’s stock after selling 3,439 shares during the quarter. First Interstate Bank’s holdings in Mondelez International were worth $4,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International during the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the second quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the second quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in Mondelez International during the 4th quarter valued at approximately $34,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MDLZ shares. DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. TD Cowen cut their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Stifel Nicolaus cut their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Bank of America decreased their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Stock Performance

MDLZ opened at $75.71 on Tuesday. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a market cap of $101.13 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 3.05 and a beta of 0.54. The company’s fifty day moving average price is $69.05 and its two-hundred day moving average price is $69.29. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

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.