Rockefeller Capital Management L.P. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 525,141 shares of the company's stock after selling 17,638 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Mondelez International were worth $38,685,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its position in Mondelez International by 224.4% during the first quarter. Cetera Investment Advisers now owns 326,976 shares of the company's stock worth $22,888,000 after acquiring an additional 226,173 shares during the period. Cetera Advisors LLC lifted its position in Mondelez International by 102.9% during the 1st quarter. Cetera Advisors LLC now owns 59,699 shares of the company's stock worth $4,179,000 after buying an additional 30,280 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Mondelez International during the 1st quarter worth about $321,000. Mosaic Family Wealth Partners LLC lifted its position in Mondelez International by 7.4% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 4,364 shares of the company's stock worth $305,000 after buying an additional 302 shares in the last quarter. Finally, Keynote Financial Services LLC acquired a new position in Mondelez International during the 1st quarter worth about $259,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on MDLZ shares. Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Evercore ISI boosted their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Piper Sandler boosted their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price objective on Mondelez International from $82.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.93.
Check Out Our Latest Research Report on Mondelez International
Mondelez International Stock Performance
MDLZ stock traded down $0.11 during midday trading on Friday, reaching $64.95. 5,095,986 shares of the company were exchanged, compared to its average volume of 6,777,881. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a one year low of $63.40 and a one year high of $77.20. The firm has a market capitalization of $86.85 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. The business has a 50-day moving average price of $69.04 and a two-hundred day moving average price of $69.14.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm's revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.
Mondelez International Company Profile
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Free Report)
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.
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