Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 891,160 shares of the company’s stock after selling 6,175 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Mondelez International worth $65,652,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International during the second quarter worth approximately $26,000. Lynx Investment Advisory acquired a new position in Mondelez International in the second quarter valued at approximately $27,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the third quarter valued at approximately $27,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Redburn Atlantic assumed 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 cut 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. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $65.06 on Thursday. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The company has a 50-day moving average price of $69.42 and a 200 day moving average price of $69.22. The company has a market cap of $87.00 billion, a P/E ratio of 23.07, a PEG ratio of 2.93 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

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

Mondelez International Company 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.