Robeco Institutional Asset Management B.V. Sells 24,760 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Robeco Institutional Asset Management B.V. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 313,730 shares of the company's stock after selling 24,760 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Mondelez International were worth $23,112,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the second quarter worth approximately $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International during the second quarter worth approximately $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after purchasing an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the second quarter worth approximately $29,000. Finally, ESL Trust Services LLC bought a new position in shares of Mondelez International during the first quarter worth approximately $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 3.9 %

Mondelez International stock traded down $2.68 during midday trading on Wednesday, reaching $66.37. The stock had a trading volume of 9,588,322 shares, compared to its average volume of 5,818,458. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $72.14 and a two-hundred day moving average price of $69.80. The company has a market capitalization of $88.66 billion, a P/E ratio of 23.54, a PEG ratio of 2.94 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $64.18 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company's revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MDLZ shares. Barclays lowered their price objective on Mondelez International from $80.00 to $76.00 and set an "overweight" rating on the stock in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Stifel Nicolaus raised their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, 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 report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $80.31.

Mondelez International 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.