KBC Group NV Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

KBC Group NV decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,004,875 shares of the company's stock after selling 27,234 shares during the quarter. KBC Group NV owned 0.08% of Mondelez International worth $74,029,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. TD Asset Management Inc grew its position in Mondelez International by 3.5% in the 1st quarter. TD Asset Management Inc now owns 1,025,760 shares of the company's stock valued at $71,803,000 after acquiring an additional 34,404 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in shares of Mondelez International by 59.8% in the first quarter. Beacon Investment Advisory Services Inc. now owns 5,118 shares of the company's stock valued at $358,000 after purchasing an additional 1,916 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in Mondelez International by 4.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 81,542 shares of the company's stock worth $5,708,000 after buying an additional 3,724 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Mondelez International by 1.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 80,846 shares of the company's stock worth $5,659,000 after buying an additional 1,507 shares in the last quarter. Finally, Searle & CO. boosted its position in Mondelez International by 1.2% in the 1st quarter. Searle & CO. now owns 12,319 shares of the company's stock valued at $862,000 after buying an additional 152 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ traded down $0.08 on Thursday, reaching $65.92. The company had a trading volume of 2,112,844 shares, compared to its average volume of 6,752,244. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The stock has a market capitalization of $88.15 billion, a PE ratio of 23.40, a P/E/G ratio of 3.00 and a beta of 0.55. The stock has a 50-day moving average price of $71.52 and a 200-day moving average price of $69.64.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The business 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 business's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MDLZ shares. DA Davidson cut their price objective 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. The Goldman Sachs Group started coverage on Mondelez International in a report on Monday, August 12th. They set a "buy" rating and a $80.00 price target on the stock. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Piper Sandler upped their target price 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. Finally, Wells Fargo & Company decreased their price target on shares of Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.31.

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.