Robeco Institutional Asset Management B.V. Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Robeco Institutional Asset Management B.V. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,022,125 shares of the company’s stock after buying an additional 82,474 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mondelez International were worth $58,720,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Morgan Stanley raised its stake in shares of Mondelez International by 9.2% during the 1st quarter. Morgan Stanley now owns 9,164,175 shares of the company’s stock worth $458,942,000 after acquiring an additional 774,723 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Mondelez International by 15.5% during the 1st quarter. APG Asset Management N.V. now owns 3,506,223 shares of the company’s stock worth $175,592,000 after acquiring an additional 470,553 shares in the last quarter. State Street Corp raised its stake in shares of Mondelez International by 1.4% during the 1st quarter. State Street Corp now owns 68,246,977 shares of the company’s stock worth $3,437,116,000 after acquiring an additional 961,864 shares in the last quarter. Park National Corp OH raised its stake in shares of Mondelez International by 9.9% during the 2nd quarter. Park National Corp OH now owns 6,658 shares of the company’s stock worth $340,000 after acquiring an additional 600 shares in the last quarter. Finally, First Financial Bank Trust Division raised its stake in shares of Mondelez International by 27.5% during the 2nd quarter. First Financial Bank Trust Division now owns 7,199 shares of the company’s stock worth $368,000 after acquiring an additional 1,551 shares in the last quarter. 75.10% of the stock is owned by institutional investors.

NASDAQ MDLZ traded down $0.07 during mid-day trading on Friday, reaching $53.12. 6,574,122 shares of the stock were exchanged, compared to its average volume of 7,201,732. The business’s 50 day moving average is $56.82 and its 200-day moving average is $54.09. Mondelez International, Inc. has a 1 year low of $41.19 and a 1 year high of $59.96. The company has a market capitalization of $75.87 billion, a P/E ratio of 22.32, a P/E/G ratio of 3.29 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.36 and a current ratio of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.92 billion. Mondelez International had a net margin of 13.31% and a return on equity of 14.02%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Equities analysts predict that Mondelez International, Inc. will post 2.61 earnings per share for the current fiscal year.

Several research firms recently commented on MDLZ. Jefferies Financial Group boosted their price objective on shares of Mondelez International from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Seaport Global Securities initiated coverage on shares of Mondelez International in a research note on Tuesday, July 28th. They set a “buy” rating and a $61.00 price target on the stock. Barclays restated a “buy” rating and set a $62.00 price target on shares of Mondelez International in a research note on Thursday, July 30th. Morgan Stanley upped their price target on shares of Mondelez International from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Credit Suisse Group upped their price target on shares of Mondelez International from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $62.38.

In other Mondelez International news, Director Peter W. May sold 233,136 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $55.50, for a total transaction of $12,939,048.00. Following the transaction, the director now directly owns 12,727 shares of the company’s stock, valued at $706,348.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Peter W. May sold 482,778 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $55.61, for a total transaction of $26,847,284.58. Following the transaction, the director now directly owns 12,727 shares in the company, valued at $707,748.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,876,741 shares of company stock worth $104,281,881. Insiders own 1.30% of the company’s stock.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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