Mondelez International, Inc. $MDLZ Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 54.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,761 shares of the company’s stock after selling 52,931 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Mondelez International were worth $3,019,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Abound Financial LLC bought a new position in shares of Mondelez International during the first quarter worth about $25,000. North Capital Inc. acquired a new position in Mondelez International during the 1st quarter valued at about $31,000. Financial Connections Group Inc. acquired a new position in Mondelez International during the 2nd quarter valued at about $33,000. Saudi Central Bank bought a new position in Mondelez International in the 1st quarter worth about $36,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 2.4%

NASDAQ:MDLZ opened at $60.21 on Wednesday. The stock has a fifty day simple moving average of $62.16 and a 200 day simple moving average of $65.04. The firm has a market capitalization of $77.91 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 5.52 and a beta of 0.45. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. Barclays boosted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Thursday, October 2nd. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.39.

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.