Allianz SE Raises Position in Mondelez International, Inc. $MDLZ

Allianz SE grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,446 shares of the company’s stock after purchasing an additional 3,645 shares during the quarter. Allianz SE’s holdings in Mondelez International were worth $7,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the period. Geode Capital Management LLC raised its holdings in Mondelez International by 0.8% during the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after purchasing an additional 242,695 shares in the last quarter. Nuveen LLC acquired a new position in shares of Mondelez International during the 1st quarter worth $866,843,000. Invesco Ltd. boosted its position in Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after purchasing an additional 137,604 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MDLZ shares. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Evercore ISI dropped their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. JPMorgan Chase & Co. reduced their price objective 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. Sanford C. Bernstein lowered their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Berenberg Bank downgraded 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. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $68.37.

Mondelez International Trading Down 0.2%

Shares of MDLZ stock opened at $57.01 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The firm’s fifty day simple moving average is $61.02 and its 200 day simple moving average is $64.26. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The firm has a market capitalization of $73.56 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion for the quarter. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current 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.