Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% during the third quarter, HoldingsChannel reports. The firm owned 164,269 shares of the company’s stock after selling 4,693 shares during the period. Mutual of America Capital Management LLC’s holdings in Mondelez International were worth $12,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. RIA Advisory Group LLC acquired a new position in Mondelez International during the third quarter worth $905,000. Natixis Advisors LLC increased its stake in shares of Mondelez International by 12.2% in the 3rd quarter. Natixis Advisors LLC now owns 1,326,627 shares of the company’s stock worth $97,733,000 after acquiring an additional 144,160 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Coastline Trust Co acquired a new position in shares of Mondelez International during the 3rd quarter valued at about $94,000. Finally, Northcape Wealth Management LLC grew its holdings in shares of Mondelez International by 3.5% in the third quarter. Northcape Wealth Management LLC now owns 27,215 shares of the company’s stock valued at $2,005,000 after purchasing an additional 930 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Citigroup lowered their price objective on 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 lifted 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. Finally, Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.31.

Mondelez International Stock Down 1.6 %

Shares of MDLZ opened at $64.49 on Monday. The company’s 50-day simple moving average is $71.11 and its 200-day simple moving average is $69.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a 1 year low of $63.91 and a 1 year high of $77.20. The stock has a market capitalization of $86.24 billion, a PE ratio of 22.87, a P/E/G ratio of 2.91 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal 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.