Mondelez International, Inc. $MDLZ is RBO & Co. LLC’s 7th Largest Position

RBO & Co. LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 354,629 shares of the company’s stock after acquiring an additional 5,490 shares during the period. Mondelez International comprises about 3.8% of RBO & Co. LLC’s holdings, making the stock its 7th largest holding. RBO & Co. LLC’s holdings in Mondelez International were worth $23,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Price T Rowe Associates Inc. MD lifted its position in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC bought a new position in shares of Mondelez International in the 1st quarter worth about $866,843,000. Goldman Sachs Group Inc. lifted its position in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the period. Natixis Advisors LLC lifted its position in Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after acquiring an additional 1,775,570 shares during the period. Finally, National Pension Service boosted its stake in Mondelez International by 32.1% during the second quarter. National Pension Service now owns 4,106,551 shares of the company’s stock worth $276,946,000 after acquiring an additional 998,953 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 2.2%

Mondelez International stock opened at $57.00 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The stock has a fifty day simple moving average of $60.23 and a two-hundred day simple moving average of $63.73. 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 firm has a market cap of $73.55 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42.

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

Analyst Ratings Changes

A number of brokerages have weighed in on MDLZ. DA Davidson decreased their target price on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Bank of America dropped their target price on Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. UBS Group cut their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, Piper Sandler lowered their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $68.32.

About Mondelez International

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.