Taube Hodson Stonex Partners Llp Decreased Stake in Mondelez Intl INC (NASDAQ:MDLZ) by $10.75 Million as Shares Declined


Taube Hodson Stonex Partners Llp decreased its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 16.67% based on its latest 2016Q2 regulatory filing with the SEC. Taube Hodson Stonex Partners Llp sold 268,680 shares as the company’s stock declined 8.38% while stock markets rallied. The hedge fund held 1.34M shares of the consumer non-durables company at the end of 2016Q2, valued at $54.11M, down from 1.61 million at the end of the previous reported quarter. Taube Hodson Stonex Partners Llp who had been investing in Mondelez Intl Inc for a number of months, seems to be less bullish one the $68.72 billion market cap company. The stock is down 1.96% or $0.85 after the negative news, hitting $42.69 per share. About 7.91M shares traded hands or 14.64% up from the average. Mondelez International Inc (NASDAQ:MDLZ) has risen 19.84% since February 8, 2016 and is uptrending. It has outperformed by 3.35% the S&P500.

Taube Hodson Stonex Partners Llp is a United Kingdom-based hedge fund with more than $1.20 billion AUM in September, 2014. Taken from Taube Hodson Stonex Partners latest Adv, the fund reported to have 35 full and part-time employees. Among which 11 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.11, from 1 in 2016Q1. The ratio fall, as 61 funds sold all MDLZ shares owned while 432 reduced positions. 88 funds bought stakes while 349 increased positions. They now own 1.15 billion shares or 2.26% less from 1.18 billion shares in 2016Q1.

Cibc World Markets Corp holds 9.04% of its portfolio in MDLZ for 7.65 million shares. Lipe & Dalton owns 154,938 shares or 4.87% of their US portfolio. Moreover, Montag & Caldwell Llc has 4.74% invested in the company for 5.11 million shares. The California-based Mar Vista Investment Partners Llc has invested 4.65% in the stock. Sustainable Growth Advisers Lp, a Connecticut-based fund reported 4.71 million shares.

Out of 13 analysts covering Mondelez International Inc (NASDAQ:MDLZ), 9 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 69% are positive. Mondelez International Inc has been the topic of 21 analyst reports since September 16, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock on September 6 with “Overweight” rating.

Mondelez International, Inc. is a snack company. The company has a market cap of $68.72 billion. The Firm makes and markets snack food and beverage products for clients in approximately 165 countries around the world. It has a 9.19 P/E ratio. The Firm operates through five divisions: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa ; Europe, and North America.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply