Legal & General Group Plc reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,182,211 shares of the company's stock after selling 2,470,539 shares during the quarter. Legal & General Group Plc owned about 0.61% of Mondelez International worth $488,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after acquiring an additional 931,776 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mondelez International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the period. Norges Bank bought a new position in Mondelez International during the 4th quarter valued at about $1,118,755,000. Massachusetts Financial Services Co. MA raised its position in Mondelez International by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after purchasing an additional 208,181 shares during the period. Finally, Invesco Ltd. lifted its stake in Mondelez International by 13.6% in the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock worth $741,224,000 after purchasing an additional 1,483,270 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.
Mondelez International Price Performance
Shares of Mondelez International stock 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. The company has a 50-day moving average price of $64.38 and a 200 day moving average price of $64.18. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $86.73 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 dividend on an annualized basis and a yield of 2.80%. Mondelez International's dividend payout ratio is presently 54.97%.
Analyst Ratings Changes
A number of analysts recently issued reports on MDLZ shares. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Piper Sandler lifted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday. UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.50.
Read Our Latest Analysis on MDLZ
Mondelez International Profile
(
Free Report)
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.
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