Forsta AP Fonden Lowers Position in Mondelez International, Inc. $MDLZ

Forsta AP Fonden lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,800 shares of the company’s stock after selling 13,400 shares during the quarter. Forsta AP Fonden’s holdings in Mondelez International were worth $17,319,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Rossby Financial LCC boosted its holdings in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the last quarter. Aspect Partners LLC lifted its position in shares of Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Mondelez International during the second quarter worth about $33,000. Saudi Central Bank purchased a new position in Mondelez International during the first quarter worth about $36,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MDLZ shares. DA Davidson cut their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday. Evercore ISI dropped their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Stifel Nicolaus reduced their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company decreased their target price on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.37.

Mondelez International Stock Down 0.2%

MDLZ stock opened at $57.01 on Thursday. The stock has a fifty day moving average of $61.02 and a 200-day moving average of $64.26. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The company has a market capitalization of $73.56 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61.

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

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.