Intech Investment Management LLC Sells 231,669 Shares of Mondelez International, Inc. $MDLZ

Intech Investment Management LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 53.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,837 shares of the company’s stock after selling 231,669 shares during the period. Intech Investment Management LLC’s holdings in Mondelez International were worth $13,612,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MDLZ. Rossby Financial LCC increased its stake in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the period. Aspect Partners LLC grew its holdings in shares of Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. Financial Connections Group Inc. bought a new position in shares of Mondelez International in the second quarter worth approximately $33,000. Saudi Central Bank purchased a new position in shares of Mondelez International in the first quarter worth $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after buying an additional 163 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. Morgan Stanley cut their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Sanford C. Bernstein dropped their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. DA Davidson reduced their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Evercore ISI dropped their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, Royal Bank Of Canada cut their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.37.

Mondelez International Stock Performance

Mondelez International stock opened at $56.86 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The stock’s 50 day simple moving average is $60.85 and its two-hundred day simple moving average is $64.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. The stock has a market cap of $73.37 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 5.34 and a beta of 0.42.

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

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.