Victory Capital Management Inc. Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Victory Capital Management Inc. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,660,708 shares of the company's stock after selling 22,179 shares during the period. Victory Capital Management Inc. owned about 0.12% of Mondelez International worth $122,344,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company's stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. 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 valued at $2,274,792,000 after buying an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares during the period. Legal & General Group Plc boosted its stake in shares of Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company's stock worth $749,467,000 after acquiring an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Mondelez International by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company's stock valued at $587,094,000 after acquiring an additional 1,071,719 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MDLZ. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 target price on the stock. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Evercore ISI increased their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Citigroup lowered their price target on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Barclays dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an "overweight" rating for the company in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $80.31.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.52 during trading on Wednesday, hitting $66.00. 5,388,922 shares of the stock traded hands, compared to its average volume of 6,773,332. 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 12-month low of $64.18 and a 12-month high of $77.20. The firm has a 50-day simple moving average of $71.70 and a 200-day simple moving average of $69.67. The company has a market capitalization of $88.25 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 3.00 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.58% and a return on equity of 17.53%. The company 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 business posted $0.82 earnings per share. Mondelez International's quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 3.48 EPS 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.