Securian Asset Management Inc Trims Holdings in Mondelez International Inc (MDLZ)
Securian Asset Management Inc reduced its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,255 shares of the company’s stock after selling 1,017 shares during the period. Securian Asset Management Inc’s holdings in Mondelez International were worth $5,895,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. American Century Companies Inc. increased its holdings in Mondelez International by 52.0% in the 3rd quarter. American Century Companies Inc. now owns 15,345,265 shares of the company’s stock valued at $659,233,000 after acquiring an additional 5,246,517 shares during the last quarter. Lindsell Train Ltd increased its holdings in Mondelez International by 13.3% in the 3rd quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after acquiring an additional 3,396,714 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Mondelez International by 33.2% in the 3rd quarter. Wells Fargo & Company MN now owns 12,128,402 shares of the company’s stock valued at $521,036,000 after acquiring an additional 3,024,713 shares during the last quarter. BlackRock Inc. increased its holdings in Mondelez International by 3.6% in the 3rd quarter. BlackRock Inc. now owns 86,963,350 shares of the company’s stock valued at $3,735,944,000 after acquiring an additional 2,995,606 shares during the last quarter. Finally, USS Investment Management Ltd bought a new stake in Mondelez International in the 4th quarter valued at $109,765,000. Institutional investors own 75.80% of the company’s stock.
In related news, EVP Vinzenz P. Gruber sold 10,945 shares of Mondelez International stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $45.86, for a total transaction of $501,937.70. Following the completion of the transaction, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.
MDLZ stock opened at $46.90 on Monday. Mondelez International Inc has a 12 month low of $37.42 and a 12 month high of $46.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30. The stock has a market cap of $68.18 billion, a P/E ratio of 19.30, a PEG ratio of 2.49 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same period in the previous year, the company earned $0.57 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts expect that Mondelez International Inc will post 2.48 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.22%. Mondelez International’s dividend payout ratio is presently 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; 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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