Wellington Management Group LLP Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wellington Management Group LLP lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 82.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 389,733 shares of the company's stock after selling 1,815,571 shares during the quarter. Wellington Management Group LLP's holdings in Mondelez International were worth $23,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Mondelez International by 0.7% in 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 in the last quarter. Capital Research Global Investors lifted its stake in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Mondelez International by 2.5% in the 4th 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. Ameriprise Financial Inc. boosted its holdings in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after acquiring an additional 975,929 shares in the last quarter. Finally, Norges Bank bought a new stake in Mondelez International during the 4th quarter worth $1,118,755,000. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDLZ. Mizuho lifted their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Stifel Nicolaus lifted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group reduced their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.03 during midday trading on Wednesday, hitting $67.07. The company had a trading volume of 2,198,219 shares, compared to its average volume of 8,005,789. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a fifty day moving average of $66.51 and a two-hundred day moving average of $63.34. The company has a market cap of $86.84 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

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

Mondelez International Dividend Announcement

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 is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.80%. Mondelez International's payout ratio is 69.89%.

Mondelez International 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.