Man Group plc Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Man Group plc decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 66.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,359 shares of the company's stock after selling 65,224 shares during the period. Man Group plc's holdings in Mondelez International were worth $1,993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $31,000. Finally, Sierra Ocean LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $32,000. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Morgan Stanley boosted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Trading Up 0.5%

Shares of Mondelez International stock traded up $0.36 during trading on Thursday, reaching $66.98. The company's stock had a trading volume of 1,981,105 shares, compared to its average volume of 7,988,795. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market cap of $86.72 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 4.34 and a beta of 0.50. The firm's 50-day moving average is $66.39 and its two-hundred day moving average is $63.31. 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 (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm's revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.81%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Mondelez International Company 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.