Thoroughbred Financial Services LLC Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

by · The Cerbat Gem

Thoroughbred Financial Services LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 28.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,630 shares of the company’s stock after selling 8,799 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Mondelez International were worth $1,351,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 0.7% during the 4th 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 in the last quarter. Geode Capital Management LLC grew its position in 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 acquiring an additional 708,523 shares during the last quarter. Norges Bank purchased a new position in shares of Mondelez International during the fourth quarter worth approximately $1,118,755,000. Massachusetts Financial Services Co. MA raised its stake in shares of Mondelez International by 1.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company’s stock worth $1,040,697,000 after acquiring an additional 208,181 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Mondelez International by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company’s stock worth $618,458,000 after acquiring an additional 326,177 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a report on Friday, February 7th. UBS Group decreased their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.20.

Get Our Latest Report on MDLZ

Mondelez International Trading Down 2.3 %

MDLZ opened at $66.31 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $85.77 billion, a PE ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The business has a 50 day moving average of $63.25 and a 200-day moving average of $64.61.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has initiated a stock buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

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.

Further Reading

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