Banco Santander S.A. Sells 96,466 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Banco Santander S.A. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 48.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,047 shares of the company’s stock after selling 96,466 shares during the quarter. Banco Santander S.A.’s holdings in Mondelez International were worth $7,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Natixis bought a new position in shares of Mondelez International during the first quarter valued at approximately $502,000. EP Wealth Advisors LLC grew its position in shares of Mondelez International by 5.6% during the first quarter. EP Wealth Advisors LLC now owns 22,500 shares of the company’s stock worth $1,575,000 after purchasing an additional 1,198 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Mondelez International during the first quarter valued at approximately $321,000. LRI Investments LLC purchased a new stake in Mondelez International in the 1st quarter worth $139,000. Finally, Magnetar Financial LLC bought a new position in Mondelez International during the first quarter valued at approximately $4,387,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $64.79 on Friday. The company’s fifty day moving average price is $70.26 and its 200 day moving average price is $69.38. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20. The stock has a market capitalization of $86.64 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.82 earnings per share. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.31.

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.