Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by TCW Group Inc.

by · The Cerbat Gem

TCW Group Inc. decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,904 shares of the company’s stock after selling 436 shares during the quarter. TCW Group Inc.’s holdings in Mondelez International were worth $7,139,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mizuho Securities USA LLC lifted its stake in Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after acquiring an additional 4,794,746 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International in the third quarter valued at approximately $219,045,000. FMR LLC boosted its stake in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after acquiring an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Mondelez International in the third quarter worth approximately $159,823,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $63.12 on Thursday. Mondelez International, Inc. has a 52-week low of $60.33 and a 52-week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market cap of $84.40 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53. The business has a fifty day moving average of $67.54 and a two-hundred day moving average of $68.76.

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

Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research reports. Citigroup decreased their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Piper Sandler raised their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Finally, Evercore ISI boosted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.64.

View Our Latest Research Report on Mondelez International

About Mondelez International

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ – Free Report).