Mondelez International, Inc. $MDLZ Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 33.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,066 shares of the company’s stock after selling 10,994 shares during the quarter. Vinva Investment Management Ltd’s holdings in Mondelez International were worth $1,496,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Brighton Jones LLC increased its stake in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Mondelez International by 132.3% during the first quarter. Foundations Investment Advisors LLC now owns 9,440 shares of the company’s stock valued at $640,000 after buying an additional 5,377 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Mondelez International by 203.6% in the 1st quarter. Federated Hermes Inc. now owns 78,965 shares of the company’s stock valued at $5,358,000 after acquiring an additional 52,955 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in Mondelez International in the 1st quarter worth $290,000. Finally, Harbour Investments Inc. lifted its position in Mondelez International by 10.8% during the 1st quarter. Harbour Investments Inc. now owns 9,681 shares of the company’s stock worth $657,000 after acquiring an additional 942 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MDLZ. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. DA Davidson reduced 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. Piper Sandler dropped their price objective on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Evercore ISI cut their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, Bank of America decreased their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Stock Performance

MDLZ opened at $57.10 on Friday. The firm has a fifty day moving average price of $59.64 and a 200 day moving average price of $63.41. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The stock has a market cap of $73.67 billion, a P/E ratio of 21.38, 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 current ratio of 0.61 and a quick ratio of 0.39.

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