Infusive Asset Management Inc. Sells 108,129 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Infusive Asset Management Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 63.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,015 shares of the company’s stock after selling 108,129 shares during the period. Mondelez International makes up 1.9% of Infusive Asset Management Inc.’s holdings, making the stock its 21st biggest position. Infusive Asset Management Inc.’s holdings in Mondelez International were worth $4,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Icon Wealth Advisors LLC increased its holdings in shares of Mondelez International by 14.5% during the third quarter. Icon Wealth Advisors LLC now owns 59,132 shares of the company’s stock worth $4,356,000 after buying an additional 7,466 shares in the last quarter. Vinva Investment Management Ltd increased its position in Mondelez International by 13.8% in the 3rd quarter. Vinva Investment Management Ltd now owns 62,191 shares of the company’s stock valued at $4,615,000 after acquiring an additional 7,561 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Mondelez International by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,878,471 shares of the company’s stock valued at $654,077,000 after purchasing an additional 59,098 shares during the period. Public Sector Pension Investment Board raised its position in shares of Mondelez International by 48.4% during the third quarter. Public Sector Pension Investment Board now owns 1,223,178 shares of the company’s stock worth $90,112,000 after acquiring an additional 398,786 shares during the last quarter. Finally, Fiduciary Trust Co raised its holdings in Mondelez International by 5.8% during the 3rd quarter. Fiduciary Trust Co now owns 27,461 shares of the company’s stock worth $2,023,000 after purchasing an additional 1,511 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.3 %

MDLZ stock opened at $65.06 on Friday. The company’s 50 day moving average is $69.23 and its 200 day moving average is $69.19. The stock has a market cap of $87.00 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1-year low of $63.40 and a 1-year high of $77.20.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MDLZ. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Finally, Evercore ISI increased their price objective 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. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.93.

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.