Fayez Sarofim & Co Sells 355,144 Shares of Mondelez International, Inc. $MDLZ

Fayez Sarofim & Co lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,758,919 shares of the company’s stock after selling 355,144 shares during the period. Fayez Sarofim & Co owned approximately 0.29% of Mondelez International worth $253,501,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Soundwatch Capital LLC acquired a new stake in Mondelez International in the 2nd quarter valued at $27,000. Rossby Financial LCC raised its holdings in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the last quarter. Aspect Partners LLC lifted its stake in shares of Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Financial Connections Group Inc. acquired a new position in shares of Mondelez International during the second quarter valued at about $33,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International during the first quarter valued at about $36,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.3%

MDLZ stock opened at $54.76 on Tuesday. The stock has a market cap of $70.66 billion, a P/E ratio of 20.51 and a beta of 0.39. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $58.71 and its two-hundred day simple moving average is $62.98. 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 earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MDLZ. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Barclays lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. UBS Group dropped their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Sanford C. Bernstein lowered their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.32.

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.