Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 8,779 shares of the company’s stock after selling 382 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Mondelez International were worth $524,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Brookstone Capital Management boosted its holdings in shares of Mondelez International by 45.9% during the 4th quarter. Brookstone Capital Management now owns 13,535 shares of the company’s stock worth $808,000 after purchasing an additional 4,260 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Mondelez International by 23.7% during the 4th quarter. AdvisorNet Financial Inc now owns 4,877 shares of the company’s stock worth $291,000 after purchasing an additional 934 shares during the last quarter. Rockland Trust Co. boosted its holdings in shares of Mondelez International by 4.3% during the 4th quarter. Rockland Trust Co. now owns 7,233 shares of the company’s stock worth $432,000 after purchasing an additional 301 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Mondelez International by 21.2% during the 4th quarter. Park Avenue Securities LLC now owns 23,950 shares of the company’s stock worth $1,431,000 after purchasing an additional 4,193 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in shares of Mondelez International by 36.2% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,936 shares of the company’s stock worth $116,000 after purchasing an additional 515 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 2.5%

Mondelez International stock opened at $65.14 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock’s fifty day simple moving average is $66.20 and its 200-day simple moving average is $63.44. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $84.34 billion, a P/E ratio of 19.05, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MDLZ. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. The Goldman Sachs Group reduced their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Piper Sandler lifted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.55.

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.