Anchor Capital Advisors LLC Sells 15,361 Shares of Mondelez International, Inc. $MDLZ

Anchor Capital Advisors LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,195 shares of the company’s stock after selling 15,361 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Mondelez International were worth $1,564,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC bought a new position in shares of Mondelez International during the 1st quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. raised its holdings in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares during the period. Natixis Advisors LLC raised its holdings in Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after buying an additional 1,775,570 shares during the period. Finally, Hamlin Capital Management LLC bought a new stake in Mondelez International in the first quarter worth $64,152,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MDLZ shares. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Thursday, October 2nd. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Piper Sandler decreased their price objective on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. JPMorgan Chase & Co. dropped their target price on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Stock Performance

MDLZ stock opened at $56.19 on Friday. The firm has a 50-day simple moving average of $61.39 and a two-hundred day simple moving average of $64.55. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15. The firm has a market cap of $72.71 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion for the quarter. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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.