Banque Cantonale Vaudoise Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Banque Cantonale Vaudoise decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 61.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,129 shares of the company's stock after selling 26,991 shares during the quarter. Banque Cantonale Vaudoise's holdings in Mondelez International were worth $1,262,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its holdings in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 worth $1,094,557,000 after buying an additional 4,794,746 shares during the period. Wulff Hansen & CO. lifted its holdings in shares of Mondelez International by 6,311.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company's stock worth $114,575,000 after buying an additional 1,723,537 shares during the period. Renaissance Technologies LLC grew its position in shares of Mondelez International by 231.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company's stock worth $118,101,000 after buying an additional 1,260,124 shares in the last quarter. Finally, Swedbank AB purchased a new position in shares of Mondelez International during the first quarter valued at $75,514,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on MDLZ shares. Citigroup lowered their price objective on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Evercore ISI boosted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. DA Davidson dropped their target price on Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company reduced their price target on Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $80.31.

Mondelez International Stock Up 0.9 %

MDLZ stock opened at $64.42 on Thursday. The stock has a market capitalization of $86.14 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $70.45 and a 200 day moving average of $69.42.

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