Candriam S.C.A. Cuts Stock Holdings in Mondelez International, Inc. $MDLZ

Candriam S.C.A. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.6% during the 2nd quarter, Holdings Channel reports. The fund owned 838,945 shares of the company’s stock after selling 142,944 shares during the quarter. Candriam S.C.A.’s holdings in Mondelez International were worth $56,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Rossby Financial LCC grew its position in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares in the last quarter. Aspect Partners LLC lifted its stake in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. Financial Connections Group Inc. acquired a new position in Mondelez International during the 2nd quarter worth approximately $33,000. Saudi Central Bank purchased a new stake in shares of Mondelez International in the 1st quarter valued at approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 37.2% in the 2nd 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 in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on MDLZ shares. Stifel Nicolaus dropped their target price on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Morgan Stanley dropped their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. DA Davidson cut their price target on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.37.

Mondelez International Price Performance

Shares of MDLZ opened at $57.01 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The firm has a 50-day simple moving average of $61.02 and a 200-day simple moving average of $64.26. The company has a market capitalization of $73.56 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion during the quarter. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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.