Tealwood Asset Management Inc. Trims Holdings in Mondelez International Inc (MDLZ)

Tealwood Asset Management Inc. lessened its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,821 shares of the company’s stock after selling 448 shares during the period. Tealwood Asset Management Inc.’s holdings in Mondelez International were worth $1,688,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Mondelez International by 7.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,858 shares of the company’s stock valued at $193,000 after acquiring an additional 280 shares during the period. CRA Financial Services LLC acquired a new position in shares of Mondelez International during the 1st quarter valued at $201,000. W.E. Donoghue & Co. LLC acquired a new position in shares of Mondelez International during the 1st quarter valued at $2,848,000. Landsberg Bennett & Dubbaneh LLC acquired a new position in shares of Mondelez International during the 1st quarter valued at $2,961,000. Finally, First Manhattan Co. lifted its position in shares of Mondelez International by 1.1% during the 1st quarter. First Manhattan Co. now owns 3,459,923 shares of the company’s stock valued at $172,719,000 after acquiring an additional 37,425 shares during the period. Institutional investors own 76.85% of the company’s stock.

In related news, EVP Alejandro Lorenzo sold 26,347 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total value of $1,236,728.18. Following the completion of the sale, the executive vice president now owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vinzenz P. Gruber sold 10,945 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. 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. Company insiders own 1.50% of the company’s stock.

Several analysts have recently issued reports on MDLZ shares. Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a report on Thursday, January 24th. Guggenheim began coverage on shares of Mondelez International in a research report on Tuesday, January 22nd. They set a “buy” rating and a $47.00 price target on the stock. Finally, ValuEngine cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $47.90.

Shares of Mondelez International stock opened at $50.28 on Tuesday. 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 Inc has a 52-week low of $37.42 and a 52-week high of $50.40. The company has a market capitalization of $71.91 billion, a PE ratio of 20.69, a PEG ratio of 2.64 and a beta of 0.90.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.77 billion. During the same quarter last year, the business earned $0.57 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. As a group, analysts predict that Mondelez International Inc will post 2.48 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, March 28th. Mondelez International’s dividend payout ratio is 42.80%.

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Mondelez International Company 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.

See Also: Are all No-Load Funds Equal?

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

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