Brandywine Global Investment Management LLC Sells 8,946 Shares of Mondelez International Inc (MDLZ)

Brandywine Global Investment Management LLC reduced its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,066,411 shares of the company’s stock after selling 8,946 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.07% of Mondelez International worth $42,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Brinker Capital Inc. lifted its position in shares of Mondelez International by 1.9% during the fourth quarter. Brinker Capital Inc. now owns 205,231 shares of the company’s stock worth $8,226,000 after purchasing an additional 3,744 shares during the last quarter. Avalon Advisors LLC lifted its position in shares of Mondelez International by 57.6% during the fourth quarter. Avalon Advisors LLC now owns 301,072 shares of the company’s stock worth $12,052,000 after purchasing an additional 110,030 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Mondelez International by 298.0% during the fourth quarter. Lido Advisors LLC now owns 19,998 shares of the company’s stock worth $805,000 after purchasing an additional 14,974 shares during the last quarter. Dana Investment Advisors Inc. lifted its position in shares of Mondelez International by 1.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 363,035 shares of the company’s stock worth $14,532,000 after purchasing an additional 5,060 shares during the last quarter. Finally, MUFG Securities EMEA plc lifted its position in shares of Mondelez International by 465.5% during the fourth quarter. MUFG Securities EMEA plc now owns 960,000 shares of the company’s stock worth $38,429,000 after purchasing an additional 790,242 shares during the last quarter. Hedge funds and other institutional investors own 75.87% of the company’s stock.

In other Mondelez International news, EVP Vinzenz P. Gruber sold 10,945 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $45.86, for a total value of $501,937.70. Following the sale, the executive vice president now owns 139,584 shares in the company, valued at $6,401,322.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alejandro Lorenzo sold 26,347 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the completion of the sale, the executive vice president now owns 59,320 shares in the company, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. Insiders sold 72,127 shares of company stock worth $3,398,519 in the last 90 days. 2.00% of the stock is owned by company insiders.

Several equities analysts have recently commented on MDLZ shares. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Thursday, November 22nd. ValuEngine lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Barclays reiterated a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research note on Friday, February 1st. Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Finally, Guggenheim initiated coverage on shares of Mondelez International in a research note on Tuesday, January 22nd. They set a “buy” rating and a $47.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $47.27.

MDLZ opened at $47.80 on Friday. The stock has a market cap of $69.03 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.89. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $48.46. 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 released its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. Mondelez International’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. Sell-side analysts predict that Mondelez International Inc will post 2.5 earnings per share for the current fiscal year.

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

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About Mondelez International

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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