Lord Abbett & CO. LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,719,216 shares of the company’s stock after selling 118,044 shares during the quarter. Lord Abbett & CO. LLC owned about 0.11% of Mondelez International worth $74,252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Banque Pictet & Cie SA raised its position in shares of Mondelez International by 90.1% during the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after acquiring an additional 8,962 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Mondelez International by 11.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after acquiring an additional 46,992 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Mondelez International by 2.9% during the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after acquiring an additional 2,720,253 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Mondelez International by 43.9% during the first quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after acquiring an additional 134,286 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Mondelez International during the second quarter worth $3,867,000. 76.05% of the stock is currently owned by institutional investors.

Mondelez International, Inc. (NASDAQ:MDLZ) opened at $42.15 on Friday. Mondelez International, Inc. has a 52-week low of $39.19 and a 52-week high of $47.23. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $62,988.45, a P/E ratio of 20.56, a P/E/G ratio of 1.74 and a beta of 0.98.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. equities analysts predict that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.

A number of equities research analysts recently commented on MDLZ shares. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Mondelez International in a report on Tuesday, October 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $49.40.

In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

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Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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

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