Brown Advisory Inc. Reduces Stock Position in Mondelez International, Inc. $MDLZ

Brown Advisory Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,449,315 shares of the company’s stock after selling 53,822 shares during the quarter. Brown Advisory Inc. owned 0.11% of Mondelez International worth $97,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mondelez International by 90.1% during 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 buying an additional 13,755,181 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mondelez International by 0.8% in the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after acquiring an additional 242,695 shares during the period. Norges Bank purchased a new stake in Mondelez International during the second quarter valued at $1,239,834,000. Invesco Ltd. lifted its holdings in Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after acquiring an additional 1,345,078 shares during the period. Finally, Nuveen LLC purchased a new position in Mondelez International in the first quarter worth about $866,843,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. Piper Sandler reduced their price target on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Sanford C. Bernstein reduced their target price on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Mizuho decreased their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. Barclays cut their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Thursday, October 2nd. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $54.90 on Friday. The company has a market capitalization of $70.84 billion, a price-to-earnings ratio of 20.56 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock’s 50-day simple moving average is $58.87 and its 200-day simple moving average is $63.09. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share 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 during the quarter. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Company 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.