Commerce Bank Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Commerce Bank lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,720,902 shares of the company’s stock after selling 2,682 shares during the quarter. Mondelez International accounts for about 0.8% of Commerce Bank’s investment portfolio, making the stock its 27th biggest holding. Commerce Bank’s holdings in Mondelez International were worth $126,779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Research Global Investors raised its position in Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after acquiring an additional 4,794,746 shares during the period. Mizuho Securities USA LLC boosted its position in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after purchasing an additional 293,773 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Mondelez International by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after purchasing an additional 1,071,719 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Wells Fargo & Company reduced their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Finally, DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Trading Up 0.0 %

MDLZ stock opened at $63.87 on Wednesday. Mondelez International, Inc. has a twelve month low of $63.40 and a twelve month high of $77.20. The stock has a market capitalization of $85.41 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $70.65 and its two-hundred day simple moving average is $69.45.

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

Mondelez International Company 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.