Villere ST Denis J & Co. LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,590 shares of the company's stock after selling 8,071 shares during the quarter. Mondelez International accounts for approximately 2.1% of Villere ST Denis J & Co. LLC's holdings, making the stock its 28th biggest holding. Villere ST Denis J & Co. LLC's holdings in Mondelez International were worth $26,196,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter worth $26,000. Lynx Investment Advisory acquired a new position in Mondelez International in the second quarter worth about $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after buying an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International during the second quarter valued at approximately $29,000. Finally, ESL Trust Services LLC bought a new position in Mondelez International during the 1st quarter worth approximately $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MDLZ has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Sanford C. Bernstein reduced their price target on shares of Mondelez International from $90.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a "buy" rating and a $80.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. 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 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 stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.31.
Get Our Latest Report on MDLZ
Mondelez International Stock Up 0.7 %
Shares of MDLZ stock traded up $0.48 on Friday, reaching $66.20. 4,864,543 shares of the company's stock traded hands, compared to its average volume of 6,150,411. The company has a market capitalization of $88.52 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.85 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. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The business's 50 day moving average price is $71.93 and its two-hundred day moving average price is $69.75.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.
Mondelez International 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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