Generali Investments Management Co LLC Sells 7,514 Shares of Mondelez International, Inc. $MDLZ

Generali Investments Management Co LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 28.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,186 shares of the company’s stock after selling 7,514 shares during the quarter. Generali Investments Management Co LLC’s holdings in Mondelez International were worth $1,292,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rossby Financial LCC grew its stake in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares in the last quarter. Aspect Partners LLC raised its stake 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 acquiring an additional 305 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Mondelez International in the second quarter valued at approximately $33,000. Saudi Central Bank bought a new position in Mondelez International in the first quarter worth approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in Mondelez International by 37.2% in the second 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. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $56.86 on Friday. The company has a 50 day moving average price of $60.85 and a 200 day moving average price of $64.14. The firm has a market capitalization of $73.37 billion, a P/E ratio of 21.30, a PEG ratio of 5.34 and a beta of 0.42. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho decreased their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. 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. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Barclays dropped their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Morgan Stanley reduced their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.37.

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.