OMERS ADMINISTRATION Corp Decreases Stock Holdings in Mondelez International, Inc. $MDLZ

OMERS ADMINISTRATION Corp lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.0% during the second quarter, HoldingsChannel.com reports. The fund owned 1,174,966 shares of the company’s stock after selling 579,252 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Mondelez International were worth $79,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Soundwatch Capital LLC bought a new position in Mondelez International during the second quarter valued at approximately $27,000. Rossby Financial LCC raised its stake in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares during the last quarter. Aspect Partners LLC lifted its holdings in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares during the period. Financial Connections Group Inc. purchased a new position in shares of Mondelez International in the 2nd quarter worth $33,000. Finally, Saudi Central Bank purchased a new position in shares of Mondelez International in the 1st quarter worth $36,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on MDLZ shares. Barclays reduced their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Mizuho cut their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Evercore ISI lowered their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, Bank of America reduced their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.32.

Mondelez International Stock Down 0.2%

MDLZ stock opened at $57.10 on Monday. The business’s 50-day moving average price is $59.64 and its 200-day moving average price is $63.40. The stock has a market cap of $73.67 billion, a P/E ratio of 21.38, a PEG ratio of 5.34 and a beta of 0.42. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion for the quarter. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS 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.