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

NorthRock Partners LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 208,364 shares of the company’s stock after selling 33,785 shares during the period. Mondelez International accounts for 1.3% of NorthRock Partners LLC’s investment portfolio, making the stock its 17th largest position. NorthRock Partners LLC’s holdings in Mondelez International were worth $15,350,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in MDLZ. Vanguard Group Inc. lifted its holdings 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 lifted its stake in shares of Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Mondelez International by 40.2% during the 2nd 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 during the period. Legal & General Group Plc increased its position in shares of Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after purchasing an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Mondelez International by 13.6% in the 2nd 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 period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.4 %

NASDAQ MDLZ traded up $0.28 during trading on Tuesday, reaching $68.64. 160,040 shares of the company’s stock were exchanged, compared to its average volume of 6,748,173. The company has a 50 day moving average price of $72.28 and a two-hundred day moving average price of $69.82. The stock has a market cap of $91.69 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. 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 report on Wednesday, October 30th. Finally, The Goldman Sachs Group started coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus 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.