Sumitomo Mitsui Financial Group Inc. Sells 1,801 Shares of Mondelez International, Inc. $MDLZ

Sumitomo Mitsui Financial Group Inc. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,126 shares of the company’s stock after selling 1,801 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Mondelez International were worth $615,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. AlphaStar Capital Management LLC purchased a new stake in Mondelez International in the 2nd quarter valued at about $1,336,000. GAMMA Investing LLC raised its stake in shares of Mondelez International by 43.2% during 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 in the last quarter. Ground Swell Capital LLC bought a new stake in shares of Mondelez International during the first quarter valued at approximately $392,000. Benjamin Edwards Inc. boosted its holdings in shares of Mondelez International by 19.6% in the first quarter. Benjamin Edwards Inc. now owns 501,976 shares of the company’s stock valued at $34,059,000 after purchasing an additional 82,144 shares during the period. Finally, Banque Transatlantique SA grew its stake in Mondelez International by 294.5% in the first quarter. Banque Transatlantique SA now owns 12,657 shares of the company’s stock worth $794,000 after purchasing an additional 9,449 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock opened at $57.21 on Thursday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15. The firm has a market cap of $73.82 billion, a price-to-earnings ratio of 21.43, 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. The firm has a 50-day simple moving average of $59.89 and a two-hundred day simple moving average of $63.51.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MDLZ. Piper Sandler decreased their target price on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. UBS Group decreased their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Mizuho cut their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Morgan Stanley dropped their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.32.

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.