First Trust Direct Indexing L.P. Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

First Trust Direct Indexing L.P. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,198 shares of the company’s stock after selling 2,873 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Mondelez International were worth $2,519,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International in the second quarter valued at $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the 2nd quarter worth about $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the second quarter valued at approximately $29,000. Finally, ESL Trust Services LLC acquired a new position in Mondelez International during the first quarter valued at approximately $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ opened at $69.79 on Thursday. The company has a market capitalization of $93.23 billion, a P/E ratio of 23.98, a PEG ratio of 2.98 and a beta of 0.54. The company has a 50-day moving average of $72.45 and a 200-day moving average of $69.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Citigroup lowered their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company dropped their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $79.94.

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.