CoreCap Advisors LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

CoreCap Advisors LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 88.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,706 shares of the company’s stock after selling 20,409 shares during the quarter. CoreCap Advisors LLC’s holdings in Mondelez International were worth $168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Toronto Dominion Bank raised its position in shares of Mondelez International by 19.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,264,681 shares of the company’s stock worth $78,508,000 after acquiring an additional 204,531 shares in the last quarter. Atria Investments LLC raised its position in shares of Mondelez International by 4.8% during the 2nd quarter. Atria Investments LLC now owns 128,040 shares of the company’s stock worth $7,950,000 after acquiring an additional 5,826 shares in the last quarter. Deutsche Bank AG raised its position in shares of Mondelez International by 2.5% during the 2nd quarter. Deutsche Bank AG now owns 8,909,265 shares of the company’s stock worth $553,176,000 after acquiring an additional 220,062 shares in the last quarter. KerberRose Wealth Management LLC acquired a new stake in shares of Mondelez International during the 2nd quarter worth about $240,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Mondelez International by 1,830.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 625,488 shares of the company’s stock worth $38,837,000 after buying an additional 593,088 shares during the period. Hedge funds and other institutional investors own 76.41% of the company’s stock.

Mondelez International Stock Up 0.5 %

Mondelez International stock opened at $66.67 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.69 and a quick ratio of 0.46. Mondelez International, Inc. has a 1-year low of $54.72 and a 1-year high of $69.47. The company has a market cap of $91.05 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 3.34 and a beta of 0.66. The stock’s 50 day moving average price is $60.11 and its 200 day moving average price is $61.76.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Cowen assumed coverage on Mondelez International in a research report on Wednesday, September 14th. They set an “outperform” rating and a $71.00 price target on the stock. Piper Sandler cut their price target on Mondelez International to $68.00 in a research report on Wednesday, October 5th. Morgan Stanley lifted their price target on Mondelez International from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 2nd. Credit Suisse Group cut their price target on Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 18th. Finally, Sanford C. Bernstein boosted their target price on Mondelez International to $79.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.94.

About Mondelez International

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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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