1832 Asset Management L.P. Reduces Stock Position in Mondelez International, Inc. $MDLZ

1832 Asset Management L.P. trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% in the 2nd quarter, Holdings Channel reports. The firm owned 926,898 shares of the company’s stock after selling 31,055 shares during the period. 1832 Asset Management L.P.’s holdings in Mondelez International were worth $62,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD grew its position in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mondelez International by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after buying an additional 242,695 shares during the period. Norges Bank purchased a new position in shares of Mondelez International in the 2nd quarter worth $1,239,834,000. Nuveen LLC bought a new stake in shares of Mondelez International in the first quarter worth $866,843,000. Finally, Invesco Ltd. grew its holdings in shares of Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after acquiring an additional 137,604 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $56.03 on Thursday. The stock has a 50-day moving average price of $59.17 and a 200 day moving average price of $63.22. The stock has a market capitalization of $72.30 billion, a P/E ratio of 20.99 and a beta of 0.39. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 for the quarter. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada lowered their price objective 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. Mizuho cut their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Finally, Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Fourteen investment 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. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $68.32.

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.