Mondelez International, Inc. $MDLZ Stock Position Lessened by SouthState Corp

SouthState Corp decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,758 shares of the company’s stock after selling 9,100 shares during the quarter. SouthState Corp’s holdings in Mondelez International were worth $9,088,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaStar Capital Management LLC bought a new position in shares of Mondelez International in the second quarter worth $1,336,000. Canopy Partners LLC lifted its holdings in shares of Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after buying an additional 2,876 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Mondelez International by 43.2% in the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after buying an additional 7,914 shares during the period. TCW Group Inc. lifted its holdings in shares of Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock valued at $6,679,000 after buying an additional 1,075 shares during the period. Finally, Ground Swell Capital LLC acquired a new stake in shares of Mondelez International in the first quarter valued at $392,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. Sanford C. Bernstein cut their price objective on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Mizuho cut their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Evercore ISI cut their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Bank of America cut their price objective on Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.68.

Mondelez International Trading Down 0.1%

Shares of NASDAQ MDLZ opened at $56.02 on Thursday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The company has a market cap of $72.49 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 5.34 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $61.49 and a 200-day simple moving average of $64.61.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion during the quarter. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.