Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by AIA Group Ltd

AIA Group Ltd trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 55.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,254 shares of the company's stock after selling 28,597 shares during the quarter. AIA Group Ltd's holdings in Mondelez International were worth $1,713,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company's stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 40.2% during 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. Capital Research Global Investors lifted its position in Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company's stock valued at $2,274,792,000 after buying an additional 2,206,023 shares during the last quarter. Wulff Hansen & CO. lifted its position in Mondelez International by 6,311.0% in the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company's stock valued at $114,575,000 after buying an additional 1,723,537 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Mondelez International by 231.4% in the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company's stock valued at $118,101,000 after buying an additional 1,260,124 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.7 %

NASDAQ:MDLZ traded up $0.48 during mid-day trading on Friday, reaching $66.20. The company's stock had a trading volume of 4,864,543 shares, compared to its average volume of 6,150,411. The company's fifty day simple moving average is $71.93 and its two-hundred day simple moving average is $69.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a twelve month low of $64.18 and a twelve month high of $77.20. The stock has a market cap of $88.52 billion, a P/E ratio of 23.48, a P/E/G ratio of 2.85 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the company earned $0.82 EPS. The firm's quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Piper Sandler boosted their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target for the company. Wells Fargo & Company decreased their price target on Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Citigroup cut their price objective on Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $80.31.

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.