Mizuho Securities USA LLC Sells 16,808 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mizuho Securities USA LLC decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,619 shares of the company’s stock after selling 16,808 shares during the quarter. Mizuho Securities USA LLC’s holdings in Mondelez International were worth $6,381,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MDLZ. Pacer Advisors Inc. grew its holdings in Mondelez International by 8.8% during the 3rd quarter. Pacer Advisors Inc. now owns 249,754 shares of the company’s stock worth $18,399,000 after acquiring an additional 20,197 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Mondelez International by 2.9% during 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. Thompson Siegel & Walmsley LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at $296,000. LPL Financial LLC lifted its holdings in shares of Mondelez International by 3.6% during the 3rd quarter. LPL Financial LLC now owns 1,430,392 shares of the company’s stock valued at $105,377,000 after purchasing an additional 49,146 shares in the last quarter. Finally, German American Bancorp Inc. acquired a new stake in Mondelez International during the 3rd quarter worth approximately $217,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDLZ. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Piper Sandler lifted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Citigroup reduced their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Up 0.6 %

Shares of NASDAQ:MDLZ opened at $64.79 on Friday. 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, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20. The company has a market capitalization of $86.64 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. The company has a fifty day moving average of $70.26 and a 200-day moving average of $69.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (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 company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal 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.