Wellington Management Group LLP Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Wellington Management Group LLP significantly reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 82.3% in Q4, according to a recent SEC filing. After selling 1,815,571 shares, it now holds 389,733 shares valued at approximately $23.3 million. Other institutional investors, including Vanguard and Capital Research, also adjusted their positions. Mondelez's stock opened at $67.61, with a market cap of $87.54 billion. The company recently declared a quarterly dividend of $0.47, with a yield of 2.78%.

Wellington Management Group LLP cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 82.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,733 shares of the company's stock after selling 1,815,571 shares during the period. Wellington Management Group LLP's holdings in Mondelez International were worth $23,279,000 at the end of the most recent reporting period.

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Beyond a Market Correction, Moves to Make Now

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 931,776 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Mondelez International by 2.5% during 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 buying an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after buying an additional 975,929 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International during the fourth quarter valued at $1,118,755,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.2%

Shares of NASDAQ:MDLZ opened at $67.61 on Friday. The stock has a 50 day moving average of $66.50 and a 200 day moving average of $63.31. The company has a market cap of $87.54 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.78%. Mondelez International's payout ratio is 69.89%.

Analyst Ratings Changes

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A number of research firms have issued reports on MDLZ. Piper Sandler boosted their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Evercore ISI boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company boosted their price target on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average price target of $70.55.

Get Our Latest Stock 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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