Ceredex Value Advisors LLC Has $40.95 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Ceredex Value Advisors LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.4% in the second quarter, Holdings Channel reports. The institutional investor owned 607,146 shares of the company’s stock after selling 136,577 shares during the period. Ceredex Value Advisors LLC’s holdings in Mondelez International were worth $40,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Price T Rowe Associates Inc. MD lifted its position in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Mondelez International by 0.8% during the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock valued at $1,943,170,000 after buying an additional 242,695 shares during the last quarter. Norges Bank bought a new stake in Mondelez International during the second quarter worth $1,239,834,000. Nuveen LLC bought a new stake in Mondelez International during the first quarter worth $866,843,000. Finally, Invesco Ltd. raised its position in Mondelez International by 1.1% in the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after buying an additional 137,604 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MDLZ shares. DA Davidson reduced their target price on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Barclays decreased their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.32.

Mondelez International Trading Up 1.2%

NASDAQ:MDLZ opened at $57.21 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $73.82 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The firm’s 50 day moving average is $59.77 and its 200 day moving average is $63.47. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.

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

About Mondelez International

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.