Invesco LLC Sells 824 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Invesco LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,302 shares of the company’s stock after selling 824 shares during the period. Invesco LLC’s holdings in Mondelez International were worth $1,717,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kovack Advisors Inc. acquired a new position in shares of Mondelez International during the 1st quarter worth $237,000. Norden Group LLC raised its holdings in shares of Mondelez International by 39.8% during the 1st quarter. Norden Group LLC now owns 8,695 shares of the company’s stock worth $609,000 after buying an additional 2,476 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Mondelez International by 8.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 9,937 shares of the company’s stock worth $696,000 after buying an additional 800 shares in the last quarter. Mission Wealth Management LP raised its holdings in shares of Mondelez International by 42.5% during the 1st quarter. Mission Wealth Management LP now owns 11,980 shares of the company’s stock worth $839,000 after buying an additional 3,572 shares in the last quarter. Finally, Palisade Asset Management LLC acquired a new position in shares of Mondelez International during the 1st quarter worth $180,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent research reports. Sanford C. Bernstein lowered their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. The Goldman Sachs Group started coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Citigroup reduced their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.94.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.03 on Friday, reaching $68.51. 6,470,448 shares of the company’s stock traded hands, compared to its average volume of 6,784,174. The company has a current ratio of 0.63, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The stock has a market cap of $91.52 billion, a PE ratio of 24.29, a PEG ratio of 2.96 and a beta of 0.54. The stock’s 50 day simple moving average is $72.35 and its two-hundred day simple moving average is $69.76. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the company earned $0.82 earnings per share. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

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.