Intech Investment Management LLC Sells 231,669 Shares of Mondelez International, Inc. $MDLZ

Intech Investment Management LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 53.4% in the second quarter, Holdings Channel reports. The institutional investor owned 201,837 shares of the company’s stock after selling 231,669 shares during the quarter. Intech Investment Management LLC’s holdings in Mondelez International were worth $13,612,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MDLZ. Hemington Wealth Management raised its position in shares of Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after purchasing an additional 156 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares in the last quarter. Enterprise Bank & Trust Co raised its holdings in Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after buying an additional 170 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in shares of Mondelez International by 4.9% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after buying an additional 175 shares in the last quarter. Finally, RMR Wealth Builders grew its holdings in shares of Mondelez International by 3.6% during the second quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock valued at $343,000 after buying an additional 176 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Wall Street Zen downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Barclays dropped their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $68.37.

Mondelez International Stock Down 0.2%

MDLZ stock opened at $56.86 on Friday. The company has a market cap of $73.37 billion, a price-to-earnings ratio of 21.30, a P/E/G 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. The business’s 50-day moving average is $60.85 and its two-hundred day moving average is $64.14. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. As a group, analysts forecast 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.