Metropolitan Life Insurance Co NY Has $4.33 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Metropolitan Life Insurance Co NY reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,348 shares of the company’s stock after selling 1,629 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Mondelez International were worth $4,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Waterfront Wealth Inc. increased its position in Mondelez International by 10.3% in the 2nd quarter. Waterfront Wealth Inc. now owns 9,289 shares of the company’s stock valued at $688,000 after acquiring an additional 864 shares during the period. Vinva Investment Management Ltd acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $3,244,000. Howe & Rusling Inc. boosted its stake in shares of Mondelez International by 4.3% in the 1st quarter. Howe & Rusling Inc. now owns 86,836 shares of the company’s stock valued at $6,054,000 after purchasing an additional 3,573 shares during the last quarter. Aurora Investment Managers LLC. increased its position in shares of Mondelez International by 36.5% during the second quarter. Aurora Investment Managers LLC. now owns 5,606 shares of the company’s stock worth $409,000 after buying an additional 1,500 shares during the period. Finally, Graypoint LLC raised its stake in Mondelez International by 2.6% during the second quarter. Graypoint LLC now owns 14,296 shares of the company’s stock worth $1,043,000 after buying an additional 362 shares during the last quarter. 76.16% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.4 %

MDLZ stock opened at $70.91 on Tuesday. The stock has a market cap of $96.50 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.45 and a beta of 0.66. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $67.67 and its two-hundred day simple moving average is $71.40. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Mondelez International had a net margin of 12.97% and a return on equity of 15.59%. The company had revenue of $9.03 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the firm earned $0.74 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 3.23 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Mondelez International from $89.00 to $86.00 in a research note on Wednesday, October 4th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Morgan Stanley dropped their price objective on shares of Mondelez International from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. HSBC began coverage on shares of Mondelez International in a research report on Friday, September 22nd. They set a “buy” rating and a $84.00 target price for the company. Finally, BNP Paribas raised shares of Mondelez International from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.11.

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.