Rockefeller Capital Management L.P. Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Rockefeller Capital Management L.P. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 501,865 shares of the company’s stock after selling 23,276 shares during the period. Rockefeller Capital Management L.P.’s holdings in Mondelez International were worth $29,983,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Mondelez International during the 4th quarter valued at $1,118,755,000. Raymond James Financial Inc. bought a new stake in Mondelez International in the 4th quarter valued at about $256,832,000. Van ECK Associates Corp lifted its holdings in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after purchasing an additional 3,282,937 shares during the last quarter. Invesco Ltd. boosted its position in Mondelez International by 13.6% during the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock worth $741,224,000 after purchasing an additional 1,483,270 shares during the period. Finally, Bank of Nova Scotia increased its stake in shares of Mondelez International by 331.9% in the fourth quarter. Bank of Nova Scotia now owns 1,394,430 shares of the company’s stock worth $83,289,000 after purchasing an additional 1,071,596 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.6 %

MDLZ stock opened at $67.05 on Monday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market capitalization of $86.73 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company’s 50 day moving average price is $64.38 and its two-hundred day moving average price is $64.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 return on equity of 16.75% and a net margin of 12.68%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.80%. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

Several research analysts recently commented on MDLZ shares. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday. Barclays reduced their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.50.

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.