Rockefeller Capital Management L.P. Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Rockefeller Capital Management L.P. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 501,865 shares of the company's stock after selling 23,276 shares during the period. Rockefeller Capital Management L.P.'s holdings in Mondelez International were worth $29,983,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Mondelez International by 0.7% in the 4th 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 period. Geode Capital Management LLC grew its position in shares of Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares during the period. Norges Bank purchased a new stake in shares of Mondelez International during the fourth quarter worth about $1,118,755,000. Massachusetts Financial Services Co. MA raised its position in shares of Mondelez International by 1.2% during 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 last quarter. Finally, Invesco Ltd. lifted its stake in Mondelez International by 13.6% in the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock valued at $741,224,000 after buying an additional 1,483,270 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MDLZ shares. Wells Fargo & Company boosted their price target on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and dropped their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Barclays lowered their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Finally, Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $70.80.

Mondelez International Stock Up 1.3 %

Shares of NASDAQ MDLZ traded up $0.84 during midday trading on Friday, hitting $67.32. The company's stock had a trading volume of 10,777,611 shares, compared to its average volume of 8,030,557. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $87.08 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The business's fifty day simple moving average is $65.11 and its two-hundred day simple moving average is $64.06. 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 posted its quarterly earnings results 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%. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

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.