Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 43.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,775 shares of the company’s stock after selling 3,640 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Mondelez International were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International in the second quarter worth $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the second quarter valued at $29,000. Finally, ESL Trust Services LLC bought a new position in shares of Mondelez International during the first quarter worth about $38,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 0.7 %

Shares of MDLZ stock opened at $65.56 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 fifty-two week low of $64.18 and a fifty-two week high of $77.20. The company has a market cap of $87.67 billion, a PE ratio of 23.25, a P/E/G ratio of 2.98 and a beta of 0.55. The stock’s fifty day moving average price is $71.52 and its two-hundred day moving average price is $69.64.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping 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 the consensus estimate of $9.11 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on MDLZ. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Finally, Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.