OMERS ADMINISTRATION Corp Trims Stock Position in Mondelez International, Inc. $MDLZ

OMERS ADMINISTRATION Corp trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 33.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,174,966 shares of the company’s stock after selling 579,252 shares during the period. OMERS ADMINISTRATION Corp owned 0.09% of Mondelez International worth $79,240,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Mondelez International in the second quarter worth about $1,239,834,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the period. Nuveen LLC purchased a new position in shares of Mondelez International during the 1st quarter worth approximately $866,843,000. Goldman Sachs Group Inc. raised its position in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after acquiring an additional 3,454,174 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of Mondelez International by 32.1% in the 2nd quarter. National Pension Service now owns 4,106,551 shares of the company’s stock valued at $276,946,000 after purchasing an additional 998,953 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Evercore ISI reduced their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Stifel Nicolaus decreased their price target on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. DA Davidson lowered their price target on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Mizuho dropped their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.32.

Mondelez International Price Performance

MDLZ opened at $57.10 on Monday. The firm has a market cap of $73.67 billion, a PE ratio of 21.38, a P/E/G ratio of 5.34 and a beta of 0.42. The stock has a 50-day moving average price of $59.64 and a 200-day moving average price of $63.40. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business 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%. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal 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.