Mondelez International, Inc. $MDLZ Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 89.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,970 shares of the company’s stock after selling 535,374 shares during the quarter. Cullen Capital Management LLC’s holdings in Mondelez International were worth $4,044,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. State Street Corp lifted its position in shares of Mondelez International by 1.1% in the 2nd quarter. State Street Corp now owns 59,446,397 shares of the company’s stock worth $4,036,594,000 after buying an additional 670,634 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Geode Capital Management LLC boosted its stake in Mondelez International by 0.8% in the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after acquiring an additional 242,695 shares during the period. Norges Bank bought a new position in shares of Mondelez International during the second quarter valued at approximately $1,239,834,000. Finally, Invesco Ltd. raised its position in shares of Mondelez International by 10.7% during the 2nd quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after purchasing an additional 1,345,078 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus lowered their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Mizuho reduced their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada reduced their target price on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.95.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $54.04 on Monday. The stock has a market cap of $69.73 billion, a P/E ratio of 20.24 and a beta of 0.39. The firm’s 50-day simple moving average is $58.02 and its 200 day simple moving average is $62.63. Mondelez International, Inc. has a fifty-two week low of $53.13 and a fifty-two week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s dividend payout ratio is 74.91%.

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.