Nuveen Asset Management LLC Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Nuveen Asset Management LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,898,531 shares of the company’s stock after selling 1,051,558 shares during the period. Nuveen Asset Management LLC’s holdings in Mondelez International were worth $650,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Marshall Investment Management LLC bought a new stake in Mondelez International during the fourth quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $27,000. Transce3nd LLC bought a new position in shares of Mondelez International during the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International during the 4th quarter valued at approximately $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International in the 4th quarter worth approximately $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $64.14 on Wednesday. The business’s 50-day moving average is $66.35 and its 200 day moving average is $63.47. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $83.05 billion, a P/E ratio of 18.75, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.93%. The ex-dividend date was Monday, March 31st. Mondelez International’s dividend payout ratio is presently 69.89%.

Analyst Ratings Changes

Several brokerages have weighed in on MDLZ. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus upped their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company raised their price target on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.55.

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.