Mondelez International, Inc. (NASDAQ:MDLZ) Position Lessened by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,406 shares of the company’s stock after selling 10,341 shares during the quarter. MetLife Investment Management LLC’s holdings in Mondelez International were worth $25,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Hancock Whitney Corp increased its position in Mondelez International by 2.6% during the first quarter. Hancock Whitney Corp now owns 8,539 shares of the company’s stock worth $598,000 after acquiring an additional 216 shares during the period. LRI Investments LLC bought a new position in shares of Mondelez International during the 1st quarter worth about $135,000. Swedbank AB bought a new stake in shares of Mondelez International in the first quarter valued at about $75,514,000. Orleans Capital Management Corp LA grew its position in Mondelez International by 10.5% during the first quarter. Orleans Capital Management Corp LA now owns 8,640 shares of the company’s stock worth $605,000 after buying an additional 820 shares in the last quarter. Finally, Burney Co. lifted its position in shares of Mondelez International by 918.6% in the 1st quarter. Burney Co. now owns 52,877 shares of the company’s stock worth $3,701,000 after acquiring an additional 47,686 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MDLZ. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.13.

Mondelez International Stock Performance

MDLZ stock opened at $65.06 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. The business’s fifty day moving average is $69.42 and its 200-day moving average is $69.22. The company has a market cap of $87.00 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. Equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

About Mondelez International

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.