Arrowstreet Capital Limited Partnership Has $210.13 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Arrowstreet Capital Limited Partnership lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,517,914 shares of the company's stock after selling 233,776 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.26% of Mondelez International worth $210,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MDLZ. Norges Bank acquired a new position in Mondelez International during the 4th quarter valued at about $1,118,755,000. Raymond James Financial Inc. bought a new stake in shares of Mondelez International during the fourth quarter worth approximately $256,832,000. Van ECK Associates Corp lifted its holdings in Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after buying an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP bought a new position in Mondelez International in the third quarter valued at approximately $219,045,000. Finally, Holocene Advisors LP acquired a new stake in Mondelez International during the 3rd quarter worth $159,823,000. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MDLZ shares. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Piper Sandler increased their price target on shares of Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.20.

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Mondelez International Stock Down 2.2 %

MDLZ traded down $1.52 on Wednesday, hitting $66.13. 11,352,070 shares of the company were exchanged, compared to its average volume of 7,957,786. 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 stock's fifty day moving average is $62.65 and its 200-day moving average is $64.65. The company has a market cap of $85.54 billion, a PE ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. Mondelez International's dividend payout ratio 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.