ING Groep NV Sells 30,230 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

ING Groep NV decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 271,907 shares of the company’s stock after selling 30,230 shares during the period. ING Groep NV’s holdings in Mondelez International were worth $20,031,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the 2nd quarter worth approximately $27,000. Richardson Financial Services Inc. grew its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the 2nd quarter valued at approximately $29,000. Finally, ESL Trust Services LLC purchased a new position in Mondelez International during the first quarter valued at $38,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDLZ. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Piper Sandler increased their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $65.56 on Friday. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20. The firm has a 50 day moving average of $71.52 and a 200 day moving average of $69.64. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $87.67 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55.

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