Rathbones Group PLC Has $119.25 Million Stake in Mondelez International, Inc. $MDLZ

Rathbones Group PLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% in the 2nd quarter, Holdings Channel reports. The firm owned 1,768,168 shares of the company’s stock after selling 4,532 shares during the quarter. Rathbones Group PLC’s holdings in Mondelez International were worth $119,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AlphaStar Capital Management LLC acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $1,336,000. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 7,914 shares during the last quarter. Canopy Partners LLC increased its position in Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,876 shares during the period. TCW Group Inc. increased its position in Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares during the period. Finally, Ground Swell Capital LLC bought a new stake in Mondelez International during the 1st quarter worth about $392,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.8%

Shares of NASDAQ MDLZ opened at $57.18 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. 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. The firm has a 50 day moving average price of $61.31 and a 200 day moving average price of $64.45.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on MDLZ shares. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Bank of America cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, JPMorgan Chase & Co. cut their price target on Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.68.

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.