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

Wellington Management Group LLP lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,349,367 shares of the company’s stock after selling 114,539 shares during the quarter. Wellington Management Group LLP owned approximately 0.25% of Mondelez International worth $242,595,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MDLZ. Bogart Wealth LLC grew its position in shares of Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. HHM Wealth Advisors LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $34,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $35,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $66.17 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The business has a 50 day simple moving average of $68.89 and a 200-day simple moving average of $71.06. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The firm has a market capitalization of $88.76 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.53 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.57%. Mondelez International’s payout ratio is 53.97%.

Analysts Set New Price Targets

Several analysts recently issued reports on MDLZ shares. Barclays cut their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup dropped their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Wells Fargo & Company dropped their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Evercore ISI dropped their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

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.