Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by World Investment Advisors LLC

World Investment Advisors LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,709 shares of the company’s stock after selling 1,471 shares during the period. World Investment Advisors LLC’s holdings in Mondelez International were worth $5,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Sanctuary Advisors LLC increased its position in shares of Mondelez International by 18.5% in the third quarter. Sanctuary Advisors LLC now owns 319,819 shares of the company’s stock valued at $23,561,000 after buying an additional 49,871 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in Mondelez International by 13.6% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,088 shares of the company’s stock valued at $1,042,000 after acquiring an additional 1,686 shares during the period. Diamant Asset Management Inc. increased its holdings in Mondelez International by 27.6% in the 3rd quarter. Diamant Asset Management Inc. now owns 3,978 shares of the company’s stock worth $293,000 after acquiring an additional 860 shares in the last quarter. Unigestion Holding SA raised its position in Mondelez International by 2,625.2% during the third quarter. Unigestion Holding SA now owns 102,112 shares of the company’s stock worth $7,523,000 after acquiring an additional 98,365 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in Mondelez International by 14.1% during the third quarter. TD Private Client Wealth LLC now owns 16,585 shares of the company’s stock valued at $1,222,000 after purchasing an additional 2,051 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.8 %

MDLZ opened at $62.63 on Friday. The stock has a market capitalization of $83.75 billion, a PE ratio of 22.21, a P/E/G ratio of 2.85 and a beta of 0.53. Mondelez International, Inc. has a one year low of $60.33 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The business’s 50 day moving average price is $67.18 and its 200 day moving average price is $68.68.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler upped their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup decreased their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $78.00 to $67.00 in a research note on Thursday. Wells Fargo & Company decreased their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, December 5th. Finally, Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.07.

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.