Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,517,914 shares of the company’s stock after selling 233,776 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Mondelez International were worth $210,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Vanguard Group Inc. grew its stake in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after acquiring an additional 931,776 shares in the last quarter. State Street Corp increased its holdings in Mondelez International by 3.2% during the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after purchasing an additional 1,851,247 shares during the last quarter. Geode Capital Management LLC increased its holdings in Mondelez International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after purchasing an additional 341,203 shares during the last quarter. Norges Bank acquired a new position in shares of Mondelez International in the 4th quarter valued at approximately $1,118,755,000. Finally, Bank of New York Mellon Corp grew its position in shares of Mondelez International by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company’s stock worth $618,458,000 after buying an additional 326,177 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ MDLZ opened at $67.72 on Monday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock’s 50-day moving average is $62.25 and its two-hundred day moving average is $64.75. The firm has a market cap of $87.60 billion, a P/E ratio of 19.80, a price-to-earnings-growth 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) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. The Goldman Sachs Group decreased their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Morgan Stanley began coverage on shares of Mondelez International in a research report on Monday, March 24th. They set an “overweight” rating and a $69.00 price target on the stock. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.50.

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.