Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 89.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,423 shares of the company’s stock after selling 69,609 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Mondelez International were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of Mondelez International by 3.1% during the 4th quarter. Toronto Dominion Bank now owns 758,826 shares of the company’s stock worth $45,325,000 after purchasing an additional 22,715 shares during the period. Shell Asset Management Co. boosted its position in Mondelez International by 124.5% in the 4th quarter. Shell Asset Management Co. now owns 7,854 shares of the company’s stock valued at $469,000 after buying an additional 4,355 shares during the period. Royal Bank of Canada boosted its position in Mondelez International by 5.6% in the 4th quarter. Royal Bank of Canada now owns 4,592,102 shares of the company’s stock valued at $274,288,000 after buying an additional 242,056 shares during the period. Rafferty Asset Management LLC boosted its position in Mondelez International by 27.3% in the 4th quarter. Rafferty Asset Management LLC now owns 332,454 shares of the company’s stock valued at $19,857,000 after buying an additional 71,345 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in Mondelez International in the 4th quarter valued at approximately $1,124,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on shares of Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Mondelez International Trading Up 0.3%

NASDAQ MDLZ opened at $65.32 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market cap of $84.58 billion, a PE ratio of 19.10, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm’s fifty day moving average is $66.15 and its two-hundred day moving average is $63.33.

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

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.