Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 27.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,484 shares of the company’s stock after selling 2,064 shares during the quarter. Hemenway Trust Co LLC’s holdings in Mondelez International were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after acquiring an additional 4,794,746 shares during the period. Capital Research Global Investors lifted its holdings in Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Wulff Hansen & CO. grew its stake in shares of Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Mondelez International by 231.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock valued at $118,101,000 after purchasing an additional 1,260,124 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.4 %

NASDAQ MDLZ traded down $0.27 during trading hours on Tuesday, hitting $65.83. 33,319 shares of the company’s stock were exchanged, compared to its average volume of 6,751,019. The business’s 50 day moving average is $71.82 and its 200-day moving average is $69.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20. The firm has a market capitalization of $88.03 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.99 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period last year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Barclays decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.31.

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.