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% in 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 quarter.

A number of other large investors also recently modified their holdings of MDLZ. Soundwatch Capital LLC acquired a new stake in Mondelez International during the 2nd quarter worth approximately $27,000. Rossby Financial LCC increased its position in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares in the last quarter. Aspect Partners LLC raised its stake in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares during the period. Financial Connections Group Inc. acquired a new position in shares of Mondelez International during the 2nd quarter valued at $33,000. Finally, Saudi Central Bank purchased a new stake in Mondelez International during the 1st quarter worth $36,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $54.04 on Monday. 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, Inc. has a fifty-two week low of $53.13 and a fifty-two week high of $71.15. The business has a 50 day moving average price of $58.02 and a two-hundred day moving average price of $62.63. The firm has a market cap of $69.73 billion, a PE ratio of 20.24 and a beta of 0.39.

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

Mondelez International Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on MDLZ shares. DA Davidson cut their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Morgan Stanley reduced their price target on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group lowered their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.95.

Mondelez International Company 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.