Mondelez International, Inc. $MDLZ Shares Sold by M&G PLC

M&G PLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 164,731 shares of the company’s stock after selling 25,942 shares during the quarter. M&G PLC’s holdings in Mondelez International were worth $11,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AlphaStar Capital Management LLC acquired a new position in Mondelez International during the second quarter worth approximately $1,336,000. GAMMA Investing LLC increased its stake in Mondelez International by 43.2% during the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock worth $1,769,000 after acquiring an additional 7,914 shares during the last quarter. Canopy Partners LLC increased its stake in Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after acquiring an additional 2,876 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Mondelez International by 1.1% in the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares during the period. Finally, Ground Swell Capital LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at about $392,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada cut their target price on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, UBS Group cut their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.37.

Mondelez International Trading Down 0.2%

MDLZ opened at $57.01 on Thursday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The stock has a market capitalization of $73.56 billion, a PE ratio of 21.35, a P/E/G ratio of 5.34 and a beta of 0.42. The firm’s fifty day moving average price is $61.02 and its 200 day moving average price is $64.26.

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

About Mondelez International

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.