Investment Management Corp of Ontario Sells 17,991 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Investment Management Corp of Ontario lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,388 shares of the company’s stock after selling 17,991 shares during the quarter. Investment Management Corp of Ontario’s holdings in Mondelez International were worth $5,259,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MDLZ. Janus Henderson Group PLC raised its holdings in Mondelez International by 6.4% during the 3rd quarter. Janus Henderson Group PLC now owns 211,427 shares of the company’s stock valued at $15,575,000 after acquiring an additional 12,697 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Mondelez International by 0.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 221,580 shares of the company’s stock worth $16,324,000 after purchasing an additional 700 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Mondelez International by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 1,354,879 shares of the company’s stock worth $99,822,000 after purchasing an additional 9,789 shares in the last quarter. Hilltop Holdings Inc. boosted its stake in Mondelez International by 1,752.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 87,000 shares of the company’s stock worth $6,409,000 after purchasing an additional 82,304 shares during the period. Finally, Holocene Advisors LP purchased a new position in Mondelez International during the 3rd quarter valued at about $159,823,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. Evercore ISI raised their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Citigroup cut their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Bank of America upped their price target 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 assumed coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.93.

Mondelez International Trading Down 0.6 %

Shares of MDLZ opened at $64.81 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The firm has a 50 day moving average price of $68.67 and a 200-day moving average price of $69.01. The firm has a market cap of $86.66 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.95 and a beta of 0.53.

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

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.