Martingale Asset Management L P Sells 7,762 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Martingale Asset Management L P lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 35.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,008 shares of the company’s stock after selling 7,762 shares during the period. Martingale Asset Management L P’s holdings in Mondelez International were worth $837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International during the fourth quarter worth $31,000. McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International during the fourth quarter valued at $32,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock opened at $67.05 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $86.73 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The business’s fifty day moving average is $64.38 and its 200-day moving average is $64.18.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company 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 2.80%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Piper Sandler raised their price target on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.50.

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.