Comerica Bank Has $42.89 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Comerica Bank lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 592,116 shares of the company’s stock after buying an additional 6,925 shares during the quarter. Comerica Bank’s holdings in Mondelez International were worth $42,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Mondelez International by 5.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after buying an additional 120,665 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in shares of Mondelez International in the fourth quarter worth about $1,650,000. SageView Advisory Group LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $907,000. AGF Management Ltd. increased its stake in shares of Mondelez International by 32.9% in the fourth quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after purchasing an additional 429,936 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in shares of Mondelez International by 4.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after purchasing an additional 1,713 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MDLZ. TD Cowen reduced their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Barclays cut their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Sanford C. Bernstein raised their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Stock Down 2.2 %

Shares of NASDAQ MDLZ opened at $66.10 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The firm’s fifty day moving average is $69.04 and its 200 day moving average is $71.20. The company has a market cap of $88.66 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.50 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s payout ratio 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.