Atria Investments Inc Sells 2,208 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Atria Investments Inc lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 128,892 shares of the company’s stock after selling 2,208 shares during the period. Atria Investments Inc’s holdings in Mondelez International were worth $9,495,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after acquiring an additional 6,696,897 shares during the last quarter. Capital Research Global Investors grew its stake in shares of 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 grew its stake in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after buying an additional 4,794,746 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after buying an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after buying an additional 1,071,719 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein reduced their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. DA Davidson reduced their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Finally, Barclays dropped their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Performance

Shares of MDLZ opened at $66.20 on Monday. 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 $64.18 and a one year high of $77.20. The company has a 50-day simple moving average of $71.93 and a two-hundred day simple moving average of $69.74. The firm has a market capitalization of $88.52 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS 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 business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the business posted $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

About Mondelez International

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.