Massachusetts Financial Services Co. MA Sells 1,581,428 Shares of Mondelez International, Inc. $MDLZ

Massachusetts Financial Services Co. MA cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,491,048 shares of the company’s stock after selling 1,581,428 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.20% of Mondelez International worth $1,044,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Advisors Capital Management LLC grew its stake in shares of Mondelez International by 4.1% during the second quarter. Advisors Capital Management LLC now owns 14,278 shares of the company’s stock worth $963,000 after purchasing an additional 566 shares during the period. Hibernia Wealth Partners LLC acquired a new position in Mondelez International during the second quarter valued at approximately $248,000. Allianz SE raised its holdings in Mondelez International by 3.2% in the second quarter. Allianz SE now owns 118,446 shares of the company’s stock worth $7,988,000 after purchasing an additional 3,645 shares during the period. Good Life Advisors LLC grew its holdings in shares of Mondelez International by 12.2% in the 2nd quarter. Good Life Advisors LLC now owns 5,209 shares of the company’s stock valued at $351,000 after buying an additional 568 shares during the period. Finally, WASHINGTON TRUST Co raised its stake in Mondelez International by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 229,254 shares of the company’s stock worth $15,461,000 after buying an additional 579 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.2%

Shares of MDLZ stock opened at $56.86 on Friday. The firm has a market capitalization of $73.37 billion, a P/E ratio of 21.30, a PEG ratio of 5.34 and a beta of 0.42. The firm’s fifty day moving average price is $60.85 and its two-hundred day moving average price is $64.15. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share 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 analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Wells Fargo & Company decreased their price objective on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada dropped their target price on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Morgan Stanley reduced their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Finally, Evercore ISI dropped their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Fourteen 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.37.

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.