Associated Banc Corp Decreases Stock Position in Mondelez International, Inc. $MDLZ

Associated Banc Corp trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 583,406 shares of the company’s stock after selling 5,885 shares during the quarter. Mondelez International makes up 1.1% of Associated Banc Corp’s investment portfolio, making the stock its 24th largest position. Associated Banc Corp’s holdings in Mondelez International were worth $39,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC purchased a new position in Mondelez International during the 1st quarter valued at $866,843,000. Goldman Sachs Group Inc. raised its holdings in Mondelez International by 57.6% in 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. Natixis Advisors LLC raised its holdings in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after purchasing an additional 1,775,570 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Mondelez International by 32.1% in the 2nd quarter. National Pension Service now owns 4,106,551 shares of the company’s stock worth $276,946,000 after purchasing an additional 998,953 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank Of Canada cut their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Bank of America dropped their price target on Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reduced their price target on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Sanford C. Bernstein lowered their price objective on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus dropped their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.32.

Mondelez International Price Performance

NASDAQ MDLZ opened at $56.19 on Tuesday. The stock has a market capitalization of $72.51 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The business’s fifty day moving average price is $60.13 and its 200-day moving average price is $63.62.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. On average, equities analysts predict 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.