Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,224 shares of the company's stock after selling 46,107 shares during the period. Advisors Asset Management Inc.'s holdings in Mondelez International were worth $10,993,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MDLZ. Capital Research Global Investors grew its position in shares of Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company's stock valued at $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock valued at $1,094,557,000 after acquiring an additional 4,794,746 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Mondelez International by 2.6% in the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company's stock valued at $749,467,000 after purchasing an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company's stock worth $587,094,000 after buying an additional 1,071,719 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MDLZ. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Piper Sandler raised their target price on Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. DA Davidson reduced their price objective on Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Stifel Nicolaus upped their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a "buy" rating and a $80.00 price target for the company. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $80.31.

Mondelez International Price Performance

MDLZ stock traded up $0.55 during midday trading on Wednesday, hitting $64.42. 5,231,137 shares of the stock were exchanged, compared to its average volume of 6,764,490. The stock's 50-day moving average price is $70.65 and its 200-day moving average price is $69.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market cap of $86.14 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. Research analysts predict that Mondelez International, Inc. will post 3.48 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.