MAI Capital Management Sells 14,183 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

MAI Capital Management cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 301,181 shares of the company’s stock after selling 14,183 shares during the period. MAI Capital Management’s holdings in Mondelez International were worth $22,188,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mizuho Securities USA LLC increased its holdings in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position 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. Capital Research Global Investors boosted its position 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. Wulff Hansen & CO. increased its holdings in Mondelez International by 6,311.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after buying an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Mondelez International by 231.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after buying an additional 1,260,124 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDLZ. Wells Fargo & Company dropped their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. 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 for the company. Finally, Piper Sandler raised their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.31.

Mondelez International Trading Down 1.6 %

Shares of NASDAQ:MDLZ opened at $64.49 on Monday. The stock has a 50 day moving average of $71.11 and a 200 day moving average of $69.54. The company has a market cap of $86.24 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a 12-month low of $63.91 and a 12-month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.82 earnings per share. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS 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.