STF Management LP Sells 1,853 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

STF Management LP lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,426 shares of the company’s stock after selling 1,853 shares during the quarter. STF Management LP’s holdings in Mondelez International were worth $1,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after buying an additional 489,068 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the period. Legal & General Group Plc lifted its position 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 buying an additional 293,773 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mondelez International by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after buying an additional 1,071,719 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Mondelez International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,677,194 shares of the company’s stock valued at $565,579,000 after buying an additional 88,854 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research reports. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Citigroup cut their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Evercore ISI raised their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Trading Up 0.6 %

Mondelez International stock opened at $64.79 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market cap of $86.64 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The firm’s 50 day moving average price is $70.26 and its two-hundred day moving average price is $69.38.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating 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 in the previous year, the company posted $0.82 EPS. Mondelez International’s revenue was up 1.9% on a year-over-year basis. On average, research analysts predict that Mondelez International, Inc. will post 3.48 EPS 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.