SeaTown Holdings Pte. Ltd. Has $4.06 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

SeaTown Holdings Pte. Ltd. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 52.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,000 shares of the company’s stock after selling 62,000 shares during the period. SeaTown Holdings Pte. Ltd.’s holdings in Mondelez International were worth $4,056,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp raised its stake in shares of Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after acquiring an additional 303,965 shares during the last quarter. Invesco Ltd. lifted its holdings in Mondelez International by 9.2% during the 3rd quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock worth $535,893,000 after buying an additional 648,270 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Mondelez International by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,495,895 shares of the company’s stock valued at $542,922,000 after buying an additional 396,849 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Mondelez International by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,399,451 shares of the company’s stock valued at $535,942,000 after buying an additional 127,904 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Mondelez International by 7.8% in the fourth quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock valued at $451,621,000 after buying an additional 450,459 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.2 %

MDLZ traded down $0.15 during midday trading on Wednesday, reaching $71.78. 2,485,705 shares of the company were exchanged, compared to its average volume of 7,732,965. The company has a market cap of $96.28 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.01. The company’s fifty day moving average price is $69.99 and its 200 day moving average price is $71.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) 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 business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MDLZ shares. Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Barclays reduced their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Sanford C. Bernstein boosted their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and fifteen have assigned 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 $80.75.

Read Our Latest Research Report on Mondelez International

Mondelez International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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