KBC Group NV Sells 27,234 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

KBC Group NV reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,004,875 shares of the company’s stock after selling 27,234 shares during the quarter. KBC Group NV’s holdings in Mondelez International were worth $74,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Axiom Advisory LLC lifted its holdings in Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after acquiring an additional 143 shares during the period. Cadence Bank lifted its stake in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after purchasing an additional 148 shares in the last quarter. Evermay Wealth Management LLC boosted its holdings in shares of Mondelez International by 2.6% during the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after purchasing an additional 149 shares during the last quarter. Sachetta LLC boosted its position in shares of Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after buying an additional 149 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Piper Sandler upped their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company cut their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Price Performance

Shares of MDLZ opened at $66.00 on Thursday. 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 $88.25 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.00 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20. The stock has a 50 day moving average of $71.70 and a 200-day moving average of $69.67.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm posted $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

About Mondelez International

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.