Mondelez International Inc (MDLZ) Shares Sold by IBM Retirement Fund

IBM Retirement Fund trimmed its position in Mondelez International Inc (NASDAQ:MDLZ) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,691 shares of the company’s stock after selling 1,968 shares during the period. IBM Retirement Fund’s holdings in Mondelez International were worth $988,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Soros Fund Management LLC bought a new stake in Mondelez International in the 3rd quarter valued at about $23,271,000. Private Trust Co. NA boosted its stake in Mondelez International by 1.2% during the 4th quarter. Private Trust Co. NA now owns 30,426 shares of the company’s stock valued at $1,217,000 after purchasing an additional 350 shares during the last quarter. James Hambro & Partners acquired a new position in Mondelez International during the 4th quarter valued at about $7,911,000. FIL Ltd boosted its stake in Mondelez International by 22.6% during the 3rd quarter. FIL Ltd now owns 516,084 shares of the company’s stock valued at $22,171,000 after purchasing an additional 95,184 shares during the last quarter. Finally, Bank of The West boosted its stake in Mondelez International by 403.8% during the 4th quarter. Bank of The West now owns 36,091 shares of the company’s stock valued at $1,444,000 after purchasing an additional 28,927 shares during the last quarter. 75.87% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Vinzenz P. Gruber sold 10,945 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $45.86, for a total value of $501,937.70. Following the transaction, the executive vice president now owns 139,584 shares in the company, valued at approximately $6,401,322.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerhard W. Pleuhs sold 29,340 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total value of $1,400,104.80. Following the completion of the transaction, the executive vice president now owns 229,700 shares in the company, valued at approximately $10,961,284. The disclosure for this sale can be found here. Insiders sold a total of 72,127 shares of company stock worth $3,398,519 in the last 90 days. Company insiders own 2.00% of the company’s stock.

MDLZ has been the subject of a number of analyst reports. BidaskClub upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Thursday, November 22nd. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Guggenheim initiated coverage on Mondelez International in a research note on Tuesday, January 22nd. They set a “buy” rating and a $47.00 price target for the company. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research note on Thursday, January 24th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and a consensus price target of $47.27.

Shares of NASDAQ MDLZ opened at $47.80 on Friday. Mondelez International Inc has a twelve month low of $37.42 and a twelve month high of $48.46. The company has a market capitalization of $69.03 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.89. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.49.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that Mondelez International Inc will post 2.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a $0.26 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.18%. Mondelez International’s payout ratio is presently 42.80%.

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Mondelez International Profile

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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

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