Brown Advisory Inc. Sells 53,822 Shares of Mondelez International, Inc. $MDLZ

Brown Advisory Inc. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,449,315 shares of the company’s stock after selling 53,822 shares during the period. Brown Advisory Inc.’s holdings in Mondelez International were worth $97,742,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Mondelez International during the 2nd quarter worth approximately $1,239,834,000. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new position in Mondelez International during the first quarter valued at $866,843,000. First Trust Advisors LP grew its stake in shares of Mondelez International by 197.9% in the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after buying an additional 2,701,229 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Mondelez International by 10.7% in the 2nd quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after buying an additional 1,345,078 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MDLZ. DA Davidson lowered their price target on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, November 10th. JPMorgan Chase & Co. dropped their target price on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Zacks Research downgraded Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Barclays lowered their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Mizuho cut their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $68.32.

Mondelez International Stock Performance

MDLZ stock opened at $54.90 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15. The firm has a market cap of $70.84 billion, a price-to-earnings ratio of 20.56 and a beta of 0.39. The business’s fifty day simple moving average is $58.87 and its two-hundred day simple moving average is $63.09. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

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

Mondelez International Company 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.