Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 48.1% during the third quarter, HoldingsChannel.com reports. The fund owned 104,047 shares of the company’s stock after selling 96,466 shares during the period. Banco Santander S.A.’s holdings in Mondelez International were worth $7,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its holdings in Mondelez International by 2.9% in 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 purchasing an additional 489,068 shares during the last quarter. Mizuho Securities USA LLC grew its position in Mondelez International by 12,057.4% during 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 holdings 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 acquiring an additional 293,773 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Mondelez International by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after acquiring an additional 1,071,719 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in Mondelez International by 1.6% in the second quarter. 1832 Asset Management L.P. now owns 3,825,220 shares of the company’s stock valued at $250,322,000 after purchasing an additional 61,084 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.6 %

NASDAQ MDLZ opened at $64.79 on Friday. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month 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. The stock has a market cap of $86.64 billion, a PE ratio of 22.98, a PEG ratio of 2.88 and a beta of 0.55. The firm has a 50-day simple moving average of $70.26 and a 200 day simple moving average of $69.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MDLZ. The Goldman Sachs Group initiated coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, DA Davidson dropped their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.31.

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.