Trian Fund Management L.P. Trims Stake in MONDELEZ INTERNATIONAL INC Common Stock (MDLZ)

Trian Fund Management L.P. decreased its position in shares of MONDELEZ INTERNATIONAL INC Common Stock (NASDAQ:MDLZ) by 55.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,820,060 shares of the company’s stock after selling 23,684,641 shares during the quarter. MONDELEZ INTERNATIONAL INC Common Stock comprises about 7.9% of Trian Fund Management L.P.’s investment portfolio, making the stock its 6th largest holding. Trian Fund Management L.P. owned about 1.28% of MONDELEZ INTERNATIONAL INC Common Stock worth $785,361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Taylor Hoffman Wealth Management bought a new stake in shares of MONDELEZ INTERNATIONAL INC Common Stock during the fourth quarter valued at about $144,000. Banco de Sabadell S.A bought a new stake in shares of MONDELEZ INTERNATIONAL INC Common Stock during the fourth quarter valued at about $148,000. Delpha Capital Management LLC bought a new stake in shares of MONDELEZ INTERNATIONAL INC Common Stock during the fourth quarter valued at about $152,000. Rockefeller Capital Management L.P. bought a new stake in shares of MONDELEZ INTERNATIONAL INC Common Stock during the first quarter valued at about $167,000. Finally, Truewealth LLC bought a new stake in shares of MONDELEZ INTERNATIONAL INC Common Stock during the fourth quarter valued at about $170,000. 75.81% of the stock is owned by institutional investors.

Shares of MONDELEZ INTERNATIONAL INC Common Stock opened at $40.02 on Thursday, MarketBeat.com reports. The company has a current ratio of 0.50, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. MONDELEZ INTERNATIONAL INC Common Stock has a 52 week low of $37.42 and a 52 week high of $46.54. The stock has a market capitalization of $59.34 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89.

MONDELEZ INTERNATIONAL INC Common Stock (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, May 1st. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. MONDELEZ INTERNATIONAL INC Common Stock had a net margin of 12.31% and a return on equity of 13.04%. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the previous year, the business earned $0.53 earnings per share. MONDELEZ INTERNATIONAL INC Common Stock’s revenue for the quarter was up 5.5% compared to the same quarter last year. analysts predict that MONDELEZ INTERNATIONAL INC Common Stock will post 2.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.88 annualized dividend and a yield of 2.20%. MONDELEZ INTERNATIONAL INC Common Stock’s payout ratio is presently 41.12%.

A number of brokerages recently weighed in on MDLZ. BidaskClub upgraded shares of MONDELEZ INTERNATIONAL INC Common Stock from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Consumer Edge cut shares of MONDELEZ INTERNATIONAL INC Common Stock from an “outperform” rating to a “neutral” rating in a research note on Monday, May 21st. Zacks Investment Research upgraded shares of MONDELEZ INTERNATIONAL INC Common Stock from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Credit Suisse Group set a $48.00 price objective on shares of MONDELEZ INTERNATIONAL INC Common Stock and gave the company a “buy” rating in a research note on Sunday, April 29th. Finally, ValuEngine cut shares of MONDELEZ INTERNATIONAL INC Common Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.53.

About MONDELEZ INTERNATIONAL INC Common Stock

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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Institutional Ownership by Quarter for MONDELEZ INTERNATIONAL INC Common Stock (NASDAQ:MDLZ)

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