Sumitomo Mitsui Financial Group Inc. Trims Position in Mondelez International, Inc. $MDLZ

Sumitomo Mitsui Financial Group Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,126 shares of the company’s stock after selling 1,801 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Mondelez International were worth $615,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Soundwatch Capital LLC purchased a new position in shares of Mondelez International in the second quarter valued at about $27,000. Rossby Financial LCC lifted its holdings 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 in the last quarter. Aspect Partners LLC boosted its stake in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Financial Connections Group Inc. purchased a new stake in Mondelez International during the 2nd quarter valued at approximately $33,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their price objective on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Evercore ISI dropped their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, Barclays reduced their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.32.

Mondelez International Trading Up 1.2%

MDLZ opened at $57.21 on Thursday. The stock has a 50-day moving average of $59.89 and a 200 day moving average of $63.51. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The firm has a market cap of $73.82 billion, a P/E ratio of 21.43, a P/E/G ratio of 5.34 and a beta of 0.42.

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

Mondelez International 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.