Los Angeles Capital Management LLC Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Los Angeles Capital Management LLC reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 68.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 209,536 shares of the company's stock after selling 455,398 shares during the quarter. Los Angeles Capital Management LLC's holdings in Mondelez International were worth $15,437,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. BDF Gestion bought a new stake in shares of Mondelez International in the 2nd quarter valued at $6,690,000. M&G Plc bought a new position in shares of Mondelez International in the 1st quarter worth about $12,010,000. Sei Investments Co. lifted its stake in shares of Mondelez International by 15.8% in the 1st quarter. Sei Investments Co. now owns 802,791 shares of the company's stock valued at $56,195,000 after purchasing an additional 109,457 shares during the period. Strategic Wealth Investment Group LLC lifted its stake in shares of Mondelez International by 40.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company's stock valued at $10,187,000 after purchasing an additional 40,154 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of Mondelez International by 3.5% during the 1st quarter. TD Asset Management Inc now owns 1,025,760 shares of the company's stock valued at $71,803,000 after purchasing an additional 34,404 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Barclays cut their target price on shares of Mondelez International from $80.00 to $76.00 and set an "overweight" rating on the stock in a research note on Friday, July 19th. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $90.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, July 17th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a "buy" rating and a $80.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price 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 investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $80.31.

Mondelez International Stock Down 0.2 %

NASDAQ:MDLZ traded down $0.10 on Monday, hitting $66.10. The stock had a trading volume of 7,972,350 shares, compared to its average volume of 6,781,834. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The firm's fifty day simple moving average is $71.93 and its two-hundred day simple moving average is $69.73. The stock has a market cap of $88.39 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

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