Spire Wealth Management Sells 4,602 Shares of Mondelez International, Inc. $MDLZ

Spire Wealth Management cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 26.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,061 shares of the company’s stock after selling 4,602 shares during the quarter. Spire Wealth Management’s holdings in Mondelez International were worth $881,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MDLZ. Canopy Partners LLC increased its stake in Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,876 shares during the period. TCW Group Inc. increased its stake in shares of Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock valued at $6,679,000 after buying an additional 1,075 shares during the period. CORDA Investment Management LLC. increased its stake in shares of Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock valued at $38,920,000 after buying an additional 8,456 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Mondelez International during the first quarter valued at $392,000. Finally, Benjamin Edwards Inc. increased its stake in shares of Mondelez International by 19.6% during the first quarter. Benjamin Edwards Inc. now owns 501,976 shares of the company’s stock valued at $34,059,000 after buying an additional 82,144 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ opened at $57.46 on Friday. The business’s 50-day moving average is $61.83 and its two-hundred day moving average is $64.84. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The firm has a market capitalization of $74.35 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MDLZ shares. Bank of America cut their price target on Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Thursday, October 2nd. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Mizuho cut their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Finally, Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $68.68.

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.