Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Parthenon LLC

Parthenon LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,108 shares of the company’s stock after selling 620 shares during the period. Mondelez International makes up 1.5% of Parthenon LLC’s portfolio, making the stock its 19th biggest position. Parthenon LLC’s holdings in Mondelez International were worth $12,679,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MDLZ. Vanguard Group Inc. boosted its position in shares of Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares during the period. Capital Research Global Investors boosted its position in Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of 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 purchasing an additional 4,794,746 shares in the last quarter. Legal & General Group Plc increased its holdings 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 purchasing an additional 293,773 shares during the period. Finally, Dimensional Fund Advisors LP raised 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 purchasing an additional 1,071,719 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 1.5 %

Shares of MDLZ traded down $1.02 during midday trading on Wednesday, hitting $65.50. The stock had a trading volume of 919,899 shares, compared to its average volume of 6,752,610. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The business has a 50-day simple moving average of $71.70 and a two-hundred day simple moving average of $69.67. 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 firm has a market cap of $87.59 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.99 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on MDLZ. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Citigroup lowered their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. DA Davidson lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped 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. One equities research 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 presently 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.