Banque Cantonale Vaudoise Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Banque Cantonale Vaudoise reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 61.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,129 shares of the company’s stock after selling 26,991 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Mondelez International were worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. BDF Gestion bought a new stake in Mondelez International during the 2nd quarter valued at $6,690,000. Buckingham Capital Management Inc. boosted its position in Mondelez International by 1,554.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 74,433 shares of the company’s stock valued at $5,483,000 after acquiring an additional 69,934 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Mondelez International by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,445,724 shares of the company’s stock valued at $253,846,000 after acquiring an additional 50,094 shares in the last quarter. Strategic Wealth Investment Group LLC boosted its position in Mondelez International by 40.4% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after acquiring an additional 40,154 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new stake in Mondelez International during the 3rd quarter valued at $905,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.42 on Thursday. The stock has a 50-day simple moving average of $70.45 and a two-hundred day simple moving average of $69.42. The firm has a market capitalization of $86.14 billion, a P/E ratio of 22.84, a PEG ratio of 2.91 and a beta of 0.55. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. 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 (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Piper Sandler raised their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.31.

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.