Forsta AP Fonden Sells 13,400 Shares of Mondelez International, Inc. $MDLZ

Forsta AP Fonden lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the 2nd quarter, Holdings Channel reports. The firm owned 256,800 shares of the company’s stock after selling 13,400 shares during the quarter. Forsta AP Fonden’s holdings in Mondelez International were worth $17,319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rossby Financial LCC boosted its position in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after acquiring an additional 406 shares during the period. Aspect Partners LLC lifted its stake in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Financial Connections Group Inc. bought a new position in Mondelez International in the 2nd quarter valued at $33,000. Saudi Central Bank purchased a new position in shares of Mondelez International during the 1st quarter valued at $36,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings 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 worth $41,000 after purchasing an additional 163 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDLZ. Morgan Stanley dropped their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Evercore ISI dropped their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday. Stifel Nicolaus dropped their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.37.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $57.01 on Thursday. The company has a market capitalization of $73.56 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42. The business has a 50 day moving average of $61.02 and a 200 day moving average of $64.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 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.