Capital International Investors Sells 214,418 Shares of Mondelez International Inc (NASDAQ:MDLZ)
Capital International Investors lowered its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,705,395 shares of the company’s stock after selling 214,418 shares during the period. Capital International Investors’ holdings in Mondelez International were worth $1,305,693,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MDLZ. State Street Corp grew its holdings in Mondelez International by 3.4% during the 3rd quarter. State Street Corp now owns 67,155,778 shares of the company’s stock worth $3,734,164,000 after acquiring an additional 2,221,137 shares during the period. Lindsell Train Ltd lifted its position in Mondelez International by 2.4% during the 4th quarter. Lindsell Train Ltd now owns 33,002,436 shares of the company’s stock worth $1,817,774,000 after buying an additional 765,113 shares in the last quarter. NorthRock Partners LLC raised its holdings in shares of Mondelez International by 6,881.3% in the 4th quarter. NorthRock Partners LLC now owns 25,016,837 shares of the company’s stock valued at $53,251,000 after purchasing an additional 24,658,496 shares during the period. Capital World Investors raised its holdings in shares of Mondelez International by 8.0% in the 4th quarter. Capital World Investors now owns 20,332,545 shares of the company’s stock valued at $1,119,917,000 after purchasing an additional 1,508,658 shares during the period. Finally, Parnassus Investments CA raised its holdings in shares of Mondelez International by 30.6% in the 4th quarter. Parnassus Investments CA now owns 10,479,839 shares of the company’s stock valued at $577,230,000 after purchasing an additional 2,458,378 shares during the period. 78.61% of the stock is owned by institutional investors and hedge funds.
MDLZ has been the topic of a number of research reports. BidaskClub upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Jefferies Financial Group assumed coverage on shares of Mondelez International in a research report on Wednesday, January 22nd. They set a “buy” rating and a $65.00 target price on the stock. Wells Fargo & Co increased their price target on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Deutsche Bank assumed coverage on shares of Mondelez International in a research report on Wednesday, December 11th. They set a “hold” rating and a $57.00 price target on the stock. Finally, Berenberg Bank reiterated a “hold” rating on shares of Mondelez International in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Mondelez International has a consensus rating of “Buy” and a consensus target price of $61.07.
Shares of NASDAQ MDLZ traded up $1.38 during trading hours on Thursday, hitting $47.49. 3,776,741 shares of the stock were exchanged, compared to its average volume of 13,755,976. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 0.50. The company has a market cap of $66.86 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 2.53 and a beta of 0.76. The company’s fifty day simple moving average is $54.44 and its two-hundred day simple moving average is $54.24. Mondelez International Inc has a 1-year low of $41.19 and a 1-year high of $59.96.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.84 billion. Mondelez International had a net margin of 14.96% and a return on equity of 13.56%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 EPS. As a group, sell-side analysts expect that Mondelez International Inc will post 2.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 30th. Mondelez International’s payout ratio is 46.15%.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
Further Reading: Example of operating income, EBIT and EBITDA
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.