M&T Bank Corp Sells 112,696 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

M&T Bank Corp decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 321,691 shares of the company’s stock after selling 112,696 shares during the quarter. M&T Bank Corp’s holdings in Mondelez International were worth $23,699,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp grew its stake in shares of Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after buying an additional 1,851,247 shares during the last quarter. FMR LLC boosted its holdings in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mondelez International by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after purchasing an additional 489,068 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Mondelez International by 2.6% in 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. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $61.75 on Wednesday. Mondelez International, Inc. has a 12 month low of $60.33 and a 12 month high of $77.20. The stock has a fifty day moving average price of $67.76 and a 200-day moving average price of $68.81. 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 $82.57 billion, a PE ratio of 21.90, a P/E/G ratio of 2.84 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Wells Fargo & Company lowered their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, December 5th. Stifel Nicolaus boosted their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Redburn Atlantic started coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Finally, Citigroup lowered their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $79.64.

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.