TIAA Trust National Association Sells 2,742 Shares of Mondelez International, Inc. $MDLZ

TIAA Trust National Association decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,291 shares of the company’s stock after selling 2,742 shares during the quarter. TIAA Trust National Association’s holdings in Mondelez International were worth $5,280,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Strategic Financial Concepts LLC lifted its stake in shares of Mondelez International by 9.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,316 shares of the company’s stock worth $224,000 after purchasing an additional 295 shares during the period. GHP Investment Advisors Inc. grew its position in Mondelez International by 8.6% during the second quarter. GHP Investment Advisors Inc. now owns 5,518 shares of the company’s stock valued at $372,000 after buying an additional 436 shares during the period. Plato Investment Management Ltd raised its position in Mondelez International by 3.0% in the second quarter. Plato Investment Management Ltd now owns 51,680 shares of the company’s stock worth $3,473,000 after acquiring an additional 1,490 shares during the period. Hills Bank & Trust Co raised its position in Mondelez International by 0.7% in the second quarter. Hills Bank & Trust Co now owns 49,403 shares of the company’s stock worth $3,332,000 after acquiring an additional 328 shares during the period. Finally, AlphaStar Capital Management LLC bought a new position in Mondelez International in the second quarter worth approximately $1,336,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MDLZ shares. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Thursday, October 2nd. Evercore ISI cut their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Sanford C. Bernstein decreased their price objective on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Piper Sandler cut their price objective on Mondelez International from $67.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.68.

Mondelez International Stock Down 1.4%

Shares of MDLZ opened at $56.65 on Tuesday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15. 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 company has a market capitalization of $73.30 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. The business’s 50 day moving average is $61.73 and its 200 day moving average is $64.75.

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

Mondelez International 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.