Wellington Management Group LLP Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wellington Management Group LLP lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 82.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 389,733 shares of the company's stock after selling 1,815,571 shares during the quarter. Wellington Management Group LLP's holdings in Mondelez International were worth $23,279,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MDLZ. ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after purchasing an additional 74,975 shares during the last quarter. Czech National Bank grew its holdings in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after buying an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. grew its holdings in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after buying an additional 18,961 shares in the last quarter. Legacy Private Trust Co. increased its stake in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after acquiring an additional 957 shares during the last quarter. Finally, Kennedy Investment Group purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $313,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Mondelez International Trading Up 1.6 %

MDLZ stock traded up $1.07 during mid-day trading on Friday, reaching $67.05. The company had a trading volume of 8,840,632 shares, compared to its average volume of 8,046,489. The company has a market capitalization of $86.73 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The firm has a 50 day moving average of $64.38 and a 200 day moving average of $64.18. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

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 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 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. Mondelez International's payout ratio is currently 54.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MDLZ shares. Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Finally, Citigroup lowered their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.50.

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.