Martingale Asset Management L P Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Martingale Asset Management L P trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 21,770 shares of the company’s stock after selling 4,778 shares during the period. Martingale Asset Management L P’s holdings in Mondelez International were worth $1,604,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MDLZ. Cetera Advisors LLC grew its position in shares of Mondelez International by 102.9% in the 1st quarter. Cetera Advisors LLC now owns 59,699 shares of the company’s stock valued at $4,179,000 after buying an additional 30,280 shares during the last quarter. Douglas Lane & Associates LLC grew its position in shares of Mondelez International by 7.8% in the 2nd quarter. Douglas Lane & Associates LLC now owns 14,040 shares of the company’s stock valued at $919,000 after buying an additional 1,012 shares during the last quarter. Mather Group LLC. grew its position in shares of Mondelez International by 7.5% in the 2nd quarter. Mather Group LLC. now owns 18,868 shares of the company’s stock valued at $1,321,000 after buying an additional 1,309 shares during the last quarter. Lynx Investment Advisory acquired a new stake in Mondelez International during the 2nd quarter worth $27,000. Finally, Fulton Bank N.A. boosted its stake in Mondelez International by 12.0% during the 2nd quarter. Fulton Bank N.A. now owns 5,100 shares of the company’s stock worth $334,000 after purchasing an additional 545 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.2 %

Shares of NASDAQ MDLZ opened at $64.95 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $63.40 and a 52 week high of $77.20. The firm has a 50-day moving average price of $69.04 and a 200 day moving average price of $69.10. The stock has a market capitalization of $86.85 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Stifel Nicolaus increased their price target on shares of 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 assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Bank of America increased their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.93.

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.