King Luther Capital Management Corp Sells 5,204 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

King Luther Capital Management Corp decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 949,676 shares of the company’s stock after selling 5,204 shares during the period. King Luther Capital Management Corp owned 0.07% of Mondelez International worth $69,963,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MDLZ. Mizuho Securities USA LLC lifted its stake in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares during the last quarter. Wulff Hansen & CO. lifted its stake in shares of Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after acquiring an additional 1,723,537 shares during the last quarter. Renaissance Technologies LLC raised its position in Mondelez International by 231.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock valued at $118,101,000 after purchasing an additional 1,260,124 shares in the last quarter. Finally, Swedbank AB bought a new stake in Mondelez International during the 1st quarter valued at $75,514,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Citigroup cut their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Finally, Stifel Nicolaus lifted their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $64.42 on Thursday. The stock has a market cap of $86.14 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. The business has a 50-day simple moving average of $70.45 and a 200-day simple moving average of $69.42. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $63.40 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current 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.