ING Groep NV Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

ING Groep NV trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 271,907 shares of the company's stock after selling 30,230 shares during the period. ING Groep NV's holdings in Mondelez International were worth $20,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company's stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock valued at $1,094,557,000 after buying an additional 4,794,746 shares during the period. Capital Research Global Investors increased its holdings in Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company's stock worth $2,274,792,000 after buying an additional 2,206,023 shares during the last quarter. Wulff Hansen & CO. grew its position in shares of Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company's stock valued at $114,575,000 after acquiring an additional 1,723,537 shares during the period. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 1,260,124 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ traded down $1.07 on Friday, reaching $64.49. The company had a trading volume of 7,203,120 shares, compared to its average volume of 6,775,558. Mondelez International, Inc. has a 52-week low of $63.91 and a 52-week high of $77.20. 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 company has a market cap of $86.24 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.98 and a beta of 0.55. The business has a 50 day simple moving average of $71.33 and a 200 day simple moving average of $69.62.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results 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 business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Redburn Atlantic began coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective for the company. Finally, Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. 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 presently has an average rating of "Moderate Buy" and a consensus target price of $80.31.

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.