Flossbach Von Storch SE Reduces Stock Position in Mondelez International, Inc. $MDLZ

Flossbach Von Storch SE trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 81.2% during the second quarter, HoldingsChannel.com reports. The firm owned 32,070 shares of the company’s stock after selling 138,364 shares during the period. Flossbach Von Storch SE’s holdings in Mondelez International were worth $2,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in shares of Mondelez International in the 1st quarter worth about $866,843,000. Invesco Ltd. raised its stake in shares of Mondelez International by 1.1% in the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after purchasing an additional 137,604 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in shares of Mondelez International by 1.5% during the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after purchasing an additional 89,362 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Mondelez International Stock Up 1.8%

MDLZ opened at $57.18 on Friday. The stock’s 50 day moving average price is $61.31 and its 200 day moving average price is $64.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The stock has a market cap of $73.99 billion, a P/E ratio of 21.42, a P/E/G ratio of 5.34 and a beta of 0.42. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current 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.