Robeco Institutional Asset Management B.V. Sells 24,760 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Robeco Institutional Asset Management B.V. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 313,730 shares of the company’s stock after selling 24,760 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mondelez International were worth $23,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in 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 purchasing an additional 6,696,897 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Mondelez International by 40.2% in the 2nd 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 last quarter. Legal & General Group Plc boosted its holdings in shares of Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after acquiring an additional 293,773 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Mondelez International by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after acquiring an additional 1,071,719 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MDLZ shares. Citigroup cut their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. DA Davidson reduced their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Sanford C. Bernstein decreased their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Barclays lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $69.05 on Wednesday. The firm has a market capitalization of $92.24 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.94 and a beta of 0.55. The firm’s 50-day moving average price is $72.24 and its 200-day moving average price is $69.82. 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 1-year low of $64.18 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share 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 for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal 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.