Bridgewater Associates LP Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bridgewater Associates LP lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,960 shares of the company's stock after selling 118,974 shares during the period. Bridgewater Associates LP's holdings in Mondelez International were worth $14,452,000 as of its most recent SEC filing.

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

Mondelez International Price Performance

Shares of MDLZ traded up $0.84 during trading hours on Friday, reaching $67.32. 10,777,611 shares of the stock traded hands, compared to its average volume of 8,027,896. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $87.08 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company's 50-day moving average price is $65.25 and its two-hundred day moving average price is $64.02.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley initiated coverage on Mondelez International in a report on Monday, March 24th. They issued an "overweight" rating and a $69.00 price objective on the stock. Piper Sandler boosted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada lowered their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $70.80.

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.