Amundi Cuts Stock Position in Mondelez International, Inc. $MDLZ

Amundi decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,734,346 shares of the company’s stock after selling 93,669 shares during the quarter. Amundi owned 0.21% of Mondelez International worth $190,201,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Mondelez International during the 2nd quarter worth about $1,239,834,000. Price T Rowe Associates Inc. MD grew its position 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 in the last quarter. Nuveen LLC acquired a new position in shares of Mondelez International during the first quarter worth about $866,843,000. First Trust Advisors LP increased its stake in shares of Mondelez International by 197.9% during the second quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after buying an additional 2,701,229 shares during the period. Finally, Invesco Ltd. raised 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 in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $54.90 on Friday. The stock’s 50-day moving average is $58.87 and its two-hundred day moving average is $63.07. The firm has a market cap of $70.84 billion, a price-to-earnings ratio of 20.56 and a beta of 0.39. 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 quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MDLZ. Morgan Stanley lowered their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Evercore ISI lowered their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Wells Fargo & Company decreased their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Stifel Nicolaus lowered their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.32.

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.