South Texas Money Management Ltd. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,805 shares of the company’s stock after selling 316 shares during the period. South Texas Money Management Ltd.’s holdings in Mondelez International were worth $380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Vanguard Group Inc. raised its position in Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares during the last quarter. Lindsell Train Ltd raised its position in Mondelez International by 16.2% during the 2nd quarter. Lindsell Train Ltd now owns 16,864,710 shares of the company’s stock valued at $728,387,000 after purchasing an additional 2,357,000 shares during the last quarter. Geode Capital Management LLC raised its position in Mondelez International by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after purchasing an additional 1,041,124 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Mondelez International by 9.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock valued at $594,007,000 after purchasing an additional 1,243,500 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Mondelez International by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 11,936,942 shares of the company’s stock valued at $515,557,000 after purchasing an additional 849,997 shares during the last quarter. 75.62% of the stock is owned by institutional investors.

In related news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was 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. Corporate insiders own 3.60% of the company’s stock.

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Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at $40.97 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a market capitalization of $61,225.07, a P/E ratio of 19.99, a P/E/G ratio of 1.70 and a beta of 0.98. Mondelez International, Inc. has a 52 week low of $39.19 and a 52 week high of $47.23.

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

MDLZ has been the subject of a number of recent analyst reports. UBS AG reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Friday, October 13th. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price target on shares of Mondelez International in a research report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Tuesday, September 19th. Finally, Buckingham Research lowered their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. 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 stock. The stock presently has an average rating of “Buy” and an average price target of $49.40.

About Mondelez International

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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