Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,990 shares of the company’s stock after selling 5,653 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Mondelez International were worth $5,009,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after acquiring an additional 489,068 shares during the last quarter. Mizuho Securities USA LLC increased its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the last quarter. Legal & General Group Plc increased its stake in Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after acquiring an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after acquiring an additional 1,071,719 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.3 %

Shares of NASDAQ MDLZ opened at $65.06 on Friday. The company has a market capitalization of $87.00 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The business has a 50-day moving average of $69.23 and a two-hundred day moving average of $69.19. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. On average, analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDLZ has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Citigroup dropped their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group started coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.93.

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.