Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by TCTC Holdings LLC

TCTC Holdings LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 202,569 shares of the company’s stock after selling 316 shares during the quarter. TCTC Holdings LLC’s holdings in Mondelez International were worth $14,923,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. BDF Gestion purchased a new stake in Mondelez International in the second quarter valued at approximately $6,690,000. M&G Plc purchased a new stake in shares of Mondelez International during the 1st quarter valued at $12,010,000. Sei Investments Co. increased its holdings in shares of Mondelez International by 15.8% during the 1st quarter. Sei Investments Co. now owns 802,791 shares of the company’s stock worth $56,195,000 after buying an additional 109,457 shares during the last quarter. Strategic Wealth Investment Group LLC raised its position in shares of Mondelez International by 40.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock worth $10,187,000 after buying an additional 40,154 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Mondelez International by 3.5% in the 1st quarter. TD Asset Management Inc now owns 1,025,760 shares of the company’s stock worth $71,803,000 after buying an additional 34,404 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research analyst reports. Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Barclays reduced their price target 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. 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 research note on Friday, October 25th. Finally, DA Davidson cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $66.20 on Friday. The firm has a 50-day moving average of $71.93 and a two-hundred day moving average of $69.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market cap of $88.52 billion, a P/E ratio of 23.48, a PEG ratio of 2.85 and a beta of 0.55. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

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.