Wellington Management Group LLP Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)
Wellington Management Group LLP decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 44.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,742,311 shares of the company’s stock after selling 19,779,515 shares during the period. Wellington Management Group LLP’s holdings in Mondelez International were worth $1,065,899,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in shares of Mondelez International by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock valued at $538,924,000 after buying an additional 3,056,900 shares in the last quarter. Lindsell Train Ltd boosted its stake in shares of Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares in the last quarter. RidgeWorth Capital Management LLC boosted its stake in shares of Mondelez International by 205,976.1% in the first quarter. RidgeWorth Capital Management LLC now owns 1,656,852 shares of the company’s stock valued at $71,660,000 after buying an additional 1,656,048 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Mondelez International during the first quarter valued at about $58,804,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Mondelez International by 42.3% in the first quarter. Russell Investments Group Ltd. now owns 3,897,388 shares of the company’s stock valued at $167,910,000 after buying an additional 1,157,727 shares in the last quarter. 76.55% of the stock is owned by institutional investors.
Mondelez International, Inc. (MDLZ) opened at 43.59 on Monday. Mondelez International, Inc. has a one year low of $40.50 and a one year high of $47.23. The stock has a 50 day moving average of $44.09 and a 200 day moving average of $44.53. The firm has a market capitalization of $66.21 billion, a price-to-earnings ratio of 38.34 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
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Several analysts recently issued reports on MDLZ shares. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on shares of Mondelez International and gave the company a “conviction-buy” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. TheStreet raised shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $50.33.
In other Mondelez International news, Director Trian Fund Management, L.P. sold 1,731,410 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total value of $77,411,341.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robin S. Hargrove sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $44.87, for a total transaction of $269,220.00. Following the completion of the sale, the executive vice president now directly owns 14,663 shares of the company’s stock, valued at approximately $657,928.81. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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