Mondelez International, Inc. $MDLZ Holdings Lowered by American Century Companies Inc.

American Century Companies Inc. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,570,074 shares of the company’s stock after selling 1,088,472 shares during the quarter. American Century Companies Inc. owned approximately 0.35% of Mondelez International worth $308,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Rossby Financial LCC grew its holdings in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares in the last quarter. Aspect Partners LLC boosted its position in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares during the period. Financial Connections Group Inc. purchased a new position in Mondelez International during the 2nd quarter valued at about $33,000. Saudi Central Bank acquired a new position in shares of Mondelez International in the 1st quarter valued at about $36,000. Finally, Traub Capital Management LLC acquired a new position in shares of Mondelez International in the 2nd quarter valued at about $37,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. Piper Sandler lowered their price target on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday. DA Davidson lowered their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Barclays reduced their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Wells Fargo & Company dropped their price objective on Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.32.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $57.00 on Friday. The firm has a fifty day simple moving average of $60.23 and a 200-day simple moving average of $63.73. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share 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.