Legal & General Group Plc Sells 508,631 Shares of Mondelez International, Inc. $MDLZ

Legal & General Group Plc lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,895,712 shares of the company’s stock after selling 508,631 shares during the period. Legal & General Group Plc owned about 0.61% of Mondelez International worth $532,487,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Rossby Financial LCC grew its holdings 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 purchasing an additional 406 shares during the last quarter. Aspect Partners LLC boosted its position in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after buying an additional 305 shares during the period. Financial Connections Group Inc. bought a new stake in Mondelez International during the 2nd quarter worth approximately $33,000. Saudi Central Bank acquired a new position in Mondelez International in the 1st quarter valued at approximately $36,000. Finally, Traub Capital Management LLC acquired a new position in Mondelez International in the 2nd quarter valued at approximately $37,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Mizuho cut their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Berenberg Bank downgraded 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. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. DA Davidson decreased their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Piper Sandler cut their price objective on Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday. Fourteen 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.32.

Mondelez International Stock Performance

MDLZ stock opened at $57.00 on Friday. The firm has a market cap of $73.55 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $60.23 and a 200-day moving average price of $63.75. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, equities research analysts expect 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.