Burgundy Asset Management Ltd. Reduces Position in Mondelez International, Inc. $MDLZ

Burgundy Asset Management Ltd. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,948,267 shares of the company’s stock after selling 11,265 shares during the period. Mondelez International comprises approximately 1.9% of Burgundy Asset Management Ltd.’s portfolio, making the stock its 14th largest position. Burgundy Asset Management Ltd. owned approximately 0.23% of Mondelez International worth $198,831,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Mondelez International by 19.7% in the first quarter. Chicago Partners Investment Group LLC now owns 8,575 shares of the company’s stock valued at $576,000 after purchasing an additional 1,410 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Mondelez International during the 1st quarter worth approximately $523,000. Savvy Advisors Inc. boosted its holdings in shares of Mondelez International by 15.4% in the 1st quarter. Savvy Advisors Inc. now owns 10,184 shares of the company’s stock valued at $691,000 after buying an additional 1,360 shares in the last quarter. Finally, Townsquare Capital LLC boosted its holdings in shares of Mondelez International by 75.2% in the 1st quarter. Townsquare Capital LLC now owns 196,416 shares of the company’s stock valued at $13,327,000 after buying an additional 84,298 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MDLZ shares. Royal Bank Of Canada cut their price target 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. DA Davidson cut their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company decreased their target price on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Piper Sandler cut their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Finally, Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Thursday, October 2nd. Fourteen 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.32.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $54.90 on Friday. The stock’s 50-day moving average price is $58.87 and its 200 day moving average price is $63.07. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $70.84 billion, a PE ratio of 20.56 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15.

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