KBC Group NV Lowers Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

KBC Group NV lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,004,875 shares of the company’s stock after selling 27,234 shares during the period. KBC Group NV owned 0.08% of Mondelez International worth $74,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Asset Management Inc boosted its stake in Mondelez International by 3.5% during the first quarter. TD Asset Management Inc now owns 1,025,760 shares of the company’s stock valued at $71,803,000 after buying an additional 34,404 shares during the period. Beacon Investment Advisory Services Inc. grew its holdings in shares of Mondelez International by 59.8% during the first quarter. Beacon Investment Advisory Services Inc. now owns 5,118 shares of the company’s stock worth $358,000 after purchasing an additional 1,916 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Mondelez International by 4.8% in the first quarter. Kingsview Wealth Management LLC now owns 81,542 shares of the company’s stock worth $5,708,000 after purchasing an additional 3,724 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in Mondelez International by 1.9% in the first quarter. Orion Portfolio Solutions LLC now owns 80,846 shares of the company’s stock valued at $5,659,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Searle & CO. lifted its position in Mondelez International by 1.2% during the first quarter. Searle & CO. now owns 12,319 shares of the company’s stock valued at $862,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.8 %

Shares of Mondelez International stock opened at $66.00 on Thursday. The company’s fifty day simple moving average is $71.70 and its two-hundred day simple moving average is $69.67. The company has a market cap of $88.25 billion, a P/E ratio of 23.40, a PEG ratio of 3.00 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on MDLZ shares. Citigroup cut their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Barclays cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, DA Davidson cut their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

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.