Rockefeller Capital Management L.P. Lowers Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Rockefeller Capital Management L.P. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 525,141 shares of the company’s stock after selling 17,638 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Mondelez International were worth $38,685,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vinva Investment Management Ltd boosted its stake in Mondelez International by 13.8% in the third quarter. Vinva Investment Management Ltd now owns 62,191 shares of the company’s stock worth $4,615,000 after buying an additional 7,561 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Mondelez International by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,878,471 shares of the company’s stock valued at $654,077,000 after purchasing an additional 59,098 shares during the last quarter. Public Sector Pension Investment Board raised its position in Mondelez International by 48.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,223,178 shares of the company’s stock worth $90,112,000 after purchasing an additional 398,786 shares during the period. Fiduciary Trust Co lifted its stake in Mondelez International by 5.8% in the third quarter. Fiduciary Trust Co now owns 27,461 shares of the company’s stock worth $2,023,000 after purchasing an additional 1,511 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its position in Mondelez International by 61.4% during the third quarter. CreativeOne Wealth LLC now owns 15,565 shares of the company’s stock valued at $1,147,000 after buying an additional 5,922 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ stock opened at $64.95 on Friday. The company has a market cap of $86.85 billion, a P/E ratio of 23.03, a PEG 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. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The firm has a 50-day moving average of $69.04 and a 200 day moving average of $69.14.

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

Analyst Ratings Changes

Several research analysts have recently commented on MDLZ shares. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Piper Sandler increased their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. One 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 presently has a consensus rating of “Moderate Buy” and an average target price of $79.93.

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.